Fortune | OPEC Agrees to Curb Oil Output in the First Deal Since 2008 Fortune OPEC agreed on Wednesday modest oil output cuts in the first such deal since 2008, with the group's leader Saudi Arabia softening its stance on arch-rival Iran amid mounting pressure from low oil prices. “OPEC made an exceptional decision today … Oil flat after OPEC output cut deal as caution weighs Why OPEC Cut Should Mean Higher Oil, Higher Stock Market Oil Prices in Choppy Trade After OPEC Deal |