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Venezuela supports further OPEC production cuts

Posted on 29 October 2008

From Todayonline.com: Venezuela would support further production cuts beyond those proposed by the OPEC producers cartel designed to stabilize oil prices, visiting President Hugo Chavez said Tuesday.
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OPEC ministers agreed at emergency talks last week to slash oil output by 1.5 million barrels a day in a bid to shore up crude prices, which have plunged from highs of around 150 dollars a barrel to below 60 dollars….. Full Article: Source


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