Record oil output cuts fail to make waves in coronavirus-hit market
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Article by:
Florence Tan, Shadia Nasralla - Reuters
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Date Published:
April 16, 2020
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Who was cited:
FGE
The minimal impact on oil prices from a global deal for record output cuts showed that oil producers have a mountain to climb if they are to restore market balance as the coronavirus shreds demand and sends stockpiles soaring, industry watchers said.
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