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OPEC Limited Production To Stabilize International Oil Prices
Nov 27, 2017

According to Gulf News from the UAE on November 20, market analysts said If Opec and its partners comply with the existing production cuts, oil prices are expected to remain at between $ 60 and $ 70 a barrel in the short term. According to OPEC's monthly report, the six countries with the largest oil production in OPEC in October are Saudi Arabia ( 10 million barrels a day ), Iraq ( 4.38 million barrels a day ), Iran ( 3.82 million barrels a day ), UAE ( 2.91 million barrels a Day ), Kuwait ( 2.7 million barrels a day ) and Venezuela ( 1.86 million barrels a day ).


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