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Wednesday, December 02, 2020 2:23 GMT
OPEC members have reached a consensus on the need to extend existing oil production cuts for three months from January and will work on convincing their allies in the wider OPEC+ group to support such a move, Algeria’s minister said on Monday. Algerian Energy Minister Abdelmadjid Attar, holder of OPEC’s rotating presidency, was speaking shortly before OPEC ministers began talks to discuss a policy that would help producers cope with weak demand in 2021 due to the coronavirus crisis. “There is...More