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OPEC might extend production cuts

February 20, 2017

As reported by Reuters, OPEC is signalling attentions to extend its agreement on limiting oil production to non-members and, additionally, to apply even deeper cuts in the second half of 2017 if its price targets are not met. A number of leading oil producers agreed to reduce output by 1.8 million barrels per day in an effort to boost prices.


Source: Reuters


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