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FGE In The Media

OPEC needs to cut oil supplies to push prices above $50 a barrel

Article by: Hellenic Shipping News
Date Published: September 26, 2016
Who was cited: Dr. Fereidun Fesharaki, Chairman

The Organization of Petroleum Exporting Countries, which pumps about one third of the world’s oil supply, needs to cut production to sustain a rise in crude prices above $50 a barrel, according to the majority of respondents polled in a Gulf Intelligence GIQ Industry Survey.

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