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egyptindependent - 1 month ago

Abu Dhabi summit: Oil production cuts may be necessary

ABU DHABI, United Arab Emirates (AP) — OPEC and allied oil-producing countries will likely need to cut crude supplies, perhaps as much as 1 million barrels of oil a day, to rebalance the market after proposed US sanctions on Iran failed to cut Tehran’s output, Saudi Arabia’s energy minister said Monday. The comments from Continued The post Abu Dhabi summit: Oil production cuts may be necessary appeared first on Egypt Independent.

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