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FGE In The Media

Longer, heftier oil production cuts needed


Oil and gas consultancy firm FGE founder and chairman Dr Fereidun Fesharaki forecasts that a production cut until year end by Opec and several non-Opec members is still not going to be sufficient in stabilising oil prices at US$50 (RM216.50) to US$60 a barrel, as inventory is expected to continue to rise from a build-up of US volumes.


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