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Monday 1 July 2019

Oil steadies on OPEC cuts, but oversupply fears persist

New York — Oil prices steadied on Monday as OPEC extended supply cuts until March 2020 during a meeting in Vienna, but prices pared gains as oversupply worries continued to overshadow the market. The Organization of the Petroleum Exporting Countries agreed on Monday to extend oil supply cuts until March 2020, three OPEC sources said, […] More »

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World Energy Consumption