Some OPEC Members Seek to Broaden Effort to Cut Oil Output

13 May 2017   OPEC

Six months after restricting their oil output in an effort to raise global crude prices, some members of OPEC are pushing for a broader effort to reduce petroleum production, say people familiar with the matter. Cartel members in recent weeks have suggested either making deeper production cuts or bringing new participants into the effort to cut oil exports, these people said. Members of the Organization of the Petroleum…

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