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Archive : oil production

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OPEC will not reduce production quotas

  • Markets and Economy

OPEC decided to maintain the current quota of oil production, reports Bloomberg referring to the statement of representatives of countries that are members of the organization. Currently, the quota for the extraction for 11 countries in the organization (Iraq is not subject to the quota) is set at 24.845 million barrels of oil per day, Read more

Tagged as : Cost, Markets, oil production, OPEC, Recovery, Trends

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