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Some members are considering moving the meeting scheduled for March as soon as
February. WTI crude oil
has lost more than 14% since the beginning of the year.
According to the Algerian Energy Minister, a
decision will be announced in the following days. Another inside source
disclosed that the group might even meet as early as next week.
OPEC and its allies were scheduled to meet
March 5-6 to discuss details about the future of oil-production cuts that
expire at the end of March. The markets expect an extension or even an increase
in production cuts.
Source:
investing.com
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