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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?

Be sure to listen to Monday's episode featuring Matthew Reed of Foreign Reports considering the specific interests of individual countries from the OPEC meeting.

Check back every Monday for the latest analysis of US oil policy news from leading Platts editors covering the Capitol. E-mail the editors at and

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