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Thursday, October 27, 2016

Saudi Arabia called the conditions of oil production

According to the source Saudi Arabia has agreed to reduce oil production to stabilize the oil market. However, put a condition that Iran must stop its production at 3.6 million barrels a day.

Earlier, Secretary General of OPEU Mohammed Barkindo said that if at the preliminary consultation to reach consensus, on Wednesday, the cartel may hold in Algeria an extraordinary meeting on the adoption of coordinated measures to stabilize oil prices.


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