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OPEC backs production cuts for first quarter

OPEC will reduce production for the first quarter of next year in an attempt to prevent oversupply and maintain oil prices.

paul hunt
OPEC backs production cuts for first quarter

  At the latest OPEC and non-OPEC ministerial meeting held on Friday in Vienna, OPEC and its allies including Russia agreed to cut output by a further 500,000 barrels a day from the start of 2020.  ...

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