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Opec head forecasts oil will rebound rather than fall to US$20

He also says that producers outside grouping should be first to reduce output amid surplus
Friday, January 23, 2015 - 05:50

Mr El-Badri said that an agreement last month between Iraq's federal government and the semi-autonomous Kurdish region will boost exports by more than 550,000 barrels a day.


OIL prices will rebound rather than extend their decline to as low as US$20 a barrel because a collapse since June isn't merited by global supply and demand, Opec's secretary-general said.

Producers outside the Organization of Petroleum Exporting Countries should be first to

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