Oil Prices 2017: OPEC Leader Still ‘Confident’ Cartel Will Commit To Output Cuts
January 13, 2017
Oil prices shot up Thursday from a dip earlier in the week as Mohammad Sanusi Barkindo, the secretary general of the Organization of Petroleum Exporting Countries (OPEC), heightened expectations that the cartel would commit to its Nov. 30 decision to cut output by 1.2 million barrels per day, or 4 percent.