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Thursday, 23 March 2017

Saudi pledges stable oil supply as market confused by data | Reuters

Saudi pledges stable oil supply as market confused by data | Reuters:

"Output or exports? OPEC members have argued for decades over which of the two they should monitor to gauge compliance with oil-output cuts.

This month, Saudi Arabia has thrown a third metric – supply - into the debate.

The move saw oil prices declining, with confused traders fearing Riyadh would pump more crude, thus complicating OPEC’s efforts to reduce a global glut and prop up the market."



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