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OPEC agrees on first output cut in 8 years

OPEC ministers attend a meeting of the Organization of the Petroleum Exporting Countries, OPEC, at the OPEC headquarters in Vienna, Austria on November 30, 2016. © AFP

Homa Lezgee
Press TV, Vienna

The Organization of the Petroleum Exporting Countries, OPEC, agrees to cut production to 32.5 million barrels a day in a historic deal that’s already sent prices soaring.


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