OPEC, Non-OPEC Oil Producers Recommend Extending Production Cuts By Six Months
March 26, 2017 at 09:51 AM EDT
The December accord, aimed at supporting the oil market, has lifted crude LCOc1 to more than $50 a barrel. But the price gain has encouraged U.S. shale oil producers, which are not part of the pact, to boost output.
