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Sources in OPEC said the group would reduce output to 32.5 million barrels per day from current production of 33.24 million bpd, according to Reuters. (File photo)
September 29th, 2016 - 06:13 GMT

OPEC reaches consensus on cutting output

The Iranian oil minister has announced that the informal talks in Algeria have reached an agreement over cutting output, but details are yet to be hammered out.
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