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Tuesday, 9 January 2018

OPEC won’t react to small, short-lived oil supply disruptions

OPEC won’t react to small, short-lived oil supply disruptions

09 January 2018, Dubai — OPEC is monitoring unrest in Iran as well as Venezuela’s economic crisis, but the group will only boost output if there are significant and sustained production disruptions from those countries, a senior OPEC source from a major Middle Eastern oil producer said. Venezuela’s economic troubles have hit the country’s oil …

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