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FinancialNews


  • 29-10-17

    Saudi Arabia confirms willingness to extend oil production cut agreement

    (MENAFN) Global oil production cut agreement support of extension is confirmed by Saudi Arabia's Crown Prince Mohammed bin Salman on Saturday.

    The Crown Prince said in a statement, "The Kingdom affirms its readiness to extend the production cut agreement, which proved its feasibility by rebalancing supply and demand".

    "The high demand for oil has absorbed the increase in shale oil production", he added.

    MENAFN2910201700450000ID1096010373

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