Non-OPEC Voluntary Cuts Unraveling Before They Even Start

With much fanfare, OPEC held a press conference on December 10th at its headquarters in Vienna to announce that an agreement had been made with various non-OPEC producers: Azerbaijan, Kingdom of Bahrain, Brunei Darussalam, Equatorial Guinea, Kazakhstan, Malaysia, Mexico, Sultanate of Oman, the Russian Federation, Republic of Sudan, and Republic of South Sudan commit to reduce their respective oil production, voluntarily or through managed decline, in accordance with an accelerated schedule. The combined reduction target was agreed at 558,000 barrels a day for the aforementioned producers.”

Faithful celebrate Christmas in Bethlehem

Thousands of pilgrims and tourists from around the world together with local Christians gathered in the biblical town of Bethlehem to celebrate Christmas Eve in the traditional birthplace of Jesus, with spirits lifted by a slowdown in recent violence and cool, clear weather. Security was tight in Bethlehem after recent deadly attacks on Christian targets in neighboring Egypt and Jordan by Islamic extremists.

Thousands of faithful celebrate Christmas in Bethlehem

To continue reading up to 10 premium articles, you must register , or sign up and take advantage of this exclusive offer: A Palestinian dressed as Santa Claus takes a picture on Christmas Eve in Manger Square, outside the Church of the Nativity, built atop the site where Christians believe Jesus Christ was born, in the West Bank city of Bethlehem, Saturday, Dec. 24, 2016. BETHLEHEM, West Bank – Thousands of pilgrims and tourists from around the world together with local Christians gathered in the biblical town of Bethlehem to celebrate Christmas Eve in the traditional birthplace of Jesus, with spirits lifted by a slowdown in recent violence and cool, clear weather.

Thousands of faithful gather in biblical town of Bethlehem for Christmas Eve

BETHLEHEM, West Bank — Thousands of pilgrims and tourists from around the world together with local Christians gathered in the biblical town of Bethlehem to celebrate Christmas Eve in the traditional birthplace of Jesus, with spirits lifted by a slowdown in recent violence and cool, clear weather. Security was tight in Bethlehem after recent deadly attacks on Christian targets in neighboring Egypt and Jordan by Islamic extremists.