OPEC to cut oil output (Reuters via Yahoo! News: Thu, 14 Dec) OPEC has agreed an oil output cut of 500,000 barrels per day, or two percent, delayed until February1 when the northern winter is ending, the group said on Thursday, sending oil prices above $62.
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OPEC decides on output cut, sends oil prices higher (AFP via Yahoo! News: Thu, 14 Dec) OPEC ministers meeting in Nigeria have announced a production cut of 500,000 barrels per day from February 1 and welcomed in new member Angola, the second-biggest oil producer in sub-Saharan Africa.
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Oil rises as Opec cut tightens market (Financial Times: Fri, 15 Dec) Crude oil futures made further gains on Friday following the decision by the Organisation of the Petroleum Exporting Countries to cut its official production quota by 500,000 barrels a day.
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OPEC to cut oil output by 500,000 bpd from Feb 1 (Reuters via Yahoo! News: Thu, 14 Dec) OPEC has agreed an oil output cut of 500,000 barrels per day, or two percent, delayed until February1 when the northern winter is ending, Qatar's oil minister said on Thursday, sending oil prices more than a dollar higher.
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OPEC steers toward 500,000 bpd oil cut from Feb (Reuters via Yahoo! News: Thu, 14 Dec) OPEC is discussing an oil output cut of up to 500,000 barrels per day, delayed until February1 when the northern winter is ending, delegates said on Thursday.
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