Alfa Laval - Oil hit high after OPEC deals

2016-12-13 Product news

Oil Hits Highest Since Mid-2015 On Non-OPEC Cut Agreement

Oil rose to an 18-month high on Monday after OPEC and some of its rivals reached their first deal since 2001 to jointly reduce output to tackle global oversupply, though prices slipped late in the day.

This article is relevant to Alfa Laval oil water seperation equipment for the non-OPEC producers and the energy industry in Western Canada. 

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Crude futures have rallied sharply, with U.S. oil futures gaining 23 percent since the middle of November as optimism that an agreement would be reached started to grow. 

Read the full article on RigZone

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