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Struggling OPEC Agrees on Cuts, Crisis Not Ove

After two days of heated internal discussions, OPEC seems to have reached a production cut agreement. OPEC officials have stated that the oil cartel has agreed on an 800,000-barrel per day (bpd) production cut, while non-OPEC is being asked to commit to around 400,000 bpd to be cut at the same time. The overall agreement will become effective in...

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