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Sunday, 26 March 2017

Oil producers' compliance with deal at 94 percent: Russia | Reuters

Oil producers' compliance with deal at 94 percent: Russia | Reuters:

"Compliance with a deal to cut oil output is at 94 percent among OPEC and non-OPEC oil producers combined, Russian Energy Minister Alexander Novak told reporters on Sunday. Russia is committed to cuts of 300,000 barrels per day by the end of April, he added. Novak said he expects global oil stockpiles to decrease in the second quarter of this year."



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