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Opec oil output slides in December

Friday, January 6, 2017 - 05:50

The decline in December comes as Opec, which controls around 40 per cent of global supply, is planning to curb output in a bid to boost oil prices.


OPEC's (Organization of the Petroleum Exporting Countries) crude production fell by 310,000 barrels a day in December, as unplanned disruptions in Nigeria reduced the group's supply before deliberate cuts take effect this month.

Nigeria's daily output dropped by 200,000

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