OPEC to discuss cuts in November
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OPEC will discuss at a meeting in November whether to extend or end production cuts, Kuwait’s Oil Minister Essam al-Marzouq told Kuwait TV.
“At our next meeting at the end of November ... the most important items will concern the fate of the agreement to extend or terminate the production cut,” Marzouq was quoted as saying by Reuters.
Marzouq said oil inventories in recent weeks fell more than expected and that one-week forecasts were 2 million barrels a day, down from 6.5 million.
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