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The Organization of Petroleum Exporting Countries is unlikely to reduce excess oil inventories to average levels by the time the current deal expires in late March
Saudi Arabia Says OPEC Should Extend Cuts in Meeting This Month
published Nov 16, 2017, 6:00:01 PM, by Grant Smith and Annmarie Hordern (Bloomberg) — Saudi Arabia’s Energy Minister said OPEC and its allies should announce an extension of their output curbs when they gather at the end of this month. The Organization of Petroleum Exporting Countries is unlikely to reduce