OPEC oil deal puts Saudi back in charge

VIENNA (Reuters) - OPEC oil producers on Wednesday sealed their first new output agreement in three years in a deal that settles a 6-month-old argument over supply policy firmly in Saudi Arabia's favor. The Organization of the Petroleum Exporting Countries agreed a target of 30 million barrels daily, ratifying current production near 3-year highs. It did not discuss individual national quotas ...

News source: Yahoo! News

Related news: OPEC oil deal puts Saudi back in charge