Livemint | Don't get used to the amazing cuts in Opec oil production Livemint London: Don't get your hopes up that the oil market's headed back to the future. Ever since Organization of the Petroleum Exporting Countries (Opec) output quotas were introduced in the 1980s, Saudi Arabia has been the group's great leveller, making ... Russia to decide in April-May if global oil deal should be extended: TASS Global oil demand improves but slowdown still forecast for 2017: IEA Oil overhang points to need for extended OPEC output cuts |