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Opec has reportedly approved new oil production quotas to defend oil prices agai ...

Opec has reportedly approved new oil production quotas to defend oil prices against a world economic slowdown. Oil ministers ratified an agreement reducing output by 1mn b/d - 4% - to 24.2mn b/d.

News Item details


Region: World

Keywords: Oil price

Organisation: OPEC

Subjects: Trading, Oil markets, Oil

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