Oil cut | Egypt Oil & Gas

OPEC will not Rush into Further Output Cuts

OPEC delegates said that OPEC will not rush into making a further cut in oil output or end some countries’ exemptions to output limits, although a meeting in Russia in July is likely to consider further steps to...

Kuwait Favors an OPEC Output Cut Extension

Kuwait wants the Organization of Petroleum Exporting Countries (OPEC) to extend output cuts beyond June, becoming the producer group’s first member to call for more time to balance the global oil market, Bloomberg rep...

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