OPEC plans to cut oil production

Note: This section contains information in English only.
Source: Commodity online

OPEC considers a possibility to decrease oil output. During OPEC meeting due December 14 the members are expected to change the level of oil output as Iraq, Iran and Venezuela said they would also support the production cut. Moreover, Saudi Arabia showed signs it would agree on the cause.

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Wed, 30 Nov 2011 12:52:23 GMT

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