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Opec giants agree to prolong oil supply cut

Saudi Arabia and Iraq say the proposed nine-month extension will prop up crude prices and ease a global glut

Published Tue, May 23, 2017 · 09:50 PM
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Baghdad

OPEC heavyweights Saudi Arabia and Iraq agreed on Monday on the need to extend a global cut in oil supply by nine months in an effort to prop up crude prices, removing a potential stumbling block as producing countries prepare to meet this week.

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KEYWORDS IN THIS ARTICLE

Saudi Arabia
Iraq

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