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OPEC could cut oil output at next meet: Venezuela

Posted on 27 March 2009

From Reuters: OPEC could agree on a new oil production cut at the next meeting in May if it is warranted by market circumstances, such as high global crude stocks, Venezuelan Oil Minister Rafael Ramirez said on Thursday.

OPEC decided to leave production flat at its last meeting on March 15 after heavily cutting output at its previous meeting in response to a massive price fall of close to $100 per barrel over a period of six months…..Full Article: Source


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