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Gold/Mining/Energy : Big Dog's Boom Boom Room

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To: Cal Gary who wrote (197224)	9/28/2016 3:56:31 PM
From: Sam	Read Replies (1) of 206093

No one will believe this cut. In two days of round-the-clock talks in Algiers, the group agreed to drop production to 32.5 million barrels a day, the delegate said, asking not to be named because the decision isn’t yet public. That’s nearly 750,000 barrels a day less than it pumped in August. [....] As OPEC agreed to limit its output, Russia smashed a post-Soviet oil-supply record, pumping 11.1 million barrels a day in September, up 400,000 from August, according to preliminary estimates. Russia participated in the Algiers talks, but it’s not party to the OPEC deal.

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