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NEWSLETTEROIL & GAS

OPEC-led Oil Cut Group Joined by 10-12 More Countries

Oil

An extra 10 to 12 oil-producing countries have been invited to join an Organization of the Petroleum Exporting Countries, OPEC-led output cut aimed at getting rid of a supply glut, Venezuela’s oil minister said on Wednesday.

Eulogio del Pino, speaking on a visit to Moscow, said the invited countries were in South America and Africa.

 

The OPEC-led supply cut at present covers 24 countries.

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