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OPEC countries which boosted oil production to compensate for the loss of Libyan supply earlier this year must reduce output as Libya returns to world markets, a senior Iranian oil official said on Wednesday.
Iran’s OPEC governor, Mohammad Ali Khatibi, said the continuing global economic crisis would have a negative effect on oil demand……………………………………….Full Article: Source
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Commodities Briefing - Categorized | Market Pulse, Oil more
OPEC must cut back as Libyan oil returns: Iran
| Posted on 06 October 2011 |
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