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Oil-production curbs to be phased out in 2019

Opec and its allies will ensure that crude rebalancing will not spark another price plunge

Saudi Oil Minister Khalid al-Falih also welcomed a rise in US production, saying that the market will be able to absorb the supply.

New Delhi

OPEC and its allies including Russia may next year ease the crude-output curbs that have helped prices recover from the worst crash in a generation, according to Saudi Arabia's oil minister.

With the market moving towards equilibrium and bloated inventories shrinking, the...