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Kuwait, Iran join OPEC peers with supply oil cuts

Posted on 07 January 2009

From Dailytimes.com.pk: Evidence of OPEC members implementing the group’s biggest ever output cuts grew on Tuesday as Kuwait and number two producer Iran told some Asian customers of bigger supply curbs, hoping to put a firmer floor under prices.

Iran and Kuwait will deepen curbs on supplies to customers this month, refiner sources said on Tuesday, as both Gulf producers join OPEC peers in cutting back output to put a firmer floor beneath prices….. Full Article: Source


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