An OPEC surprise for the oil markets

The World

OPEC oil ministers agreed to trim overall output by more than 500,000 barrels a day over the next 40 days. The small but symbolic gesture is meant to avoid new turmoil in the markets and prop up falling prices. Javier Blass, the FT commodities correspondent, talked with The Takeaway about the meeting’s outcome and the behind the scenes negotiations between Russia and OPEC. Guest: Javier Blas, commodities correspondent with the Financial Times

Will you support The World?

The story you just read is accessible and free to all because our listener community contributes to our nonprofit newsroom. We go deep to bring you the human-centered international reporting that you know you can trust. To do this work and to do it well, we rely on the support of our listeners. If you appreciate our coverage, if there has been a story that made you pause or a song that moved you, would you consider making a gift to sustain our work? All donations between now and June 30 will be matched 2:1, tripling your impact.