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Phone a Friend: OPEC Calls for Oil Output Cut With Non-Member Assistance

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Listen: Phone a Friend: OPEC Calls for Oil Output Cut With Non-Member Assistance

In a special episode of Capitol Crude, senior oil editor Brian Scheid calls former podcast co-host Herman Wang in Vienna to get all the details of OPEC's historic decision Wednesday to cut production. Wang is our London-based OPEC reporter, and he explains whether the deal is actually a cut or a freeze and what the biggest hurdles were to get the deal through. What will the deal mean for prices and what does it do for the cartel's two-year strategy to defend market share?