Oil producers intend to cut 10-15 mn barrels: Kuwait
Kuwait's Oil Minister Khaled Al-Fadhel reportedly said the aim of the huge reduction is to "restore balance to the market and prevent further drops in the prices" (AFP Photo/ALEX HALADA)/ Kuwait City (AFP) - Top oil producers meeting later Thursday intend to cut production by between 10 and 15 million barrels per day, Kuwait's Oil Minister Khaled al-Fadhel reportedly said. The talks between OPEC and other major producers come as oil languishes at near-two decade lows, with Russia and Saudi Arabia's price war compounding slack demand caused ...
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