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Tuesday, July 25, 2017 12:52 GMT
The Organization of Petroleum Exporting Countries may need to consider extending its oil-cuts agreement when the group meets in November, as crude markets are taking too long to recover, UAE Energy Minister Suhail Al Mazrouei said. OPEC, which already prolonged its cuts accord with other major producers through the first quarter of next year, may have to discuss a further extension, Al Mazrouei said in an interview. Increased output from Libya and Nigeria, which are both exempt from cutting,...More