OPEC announces cut in oil production

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OPEC announces cut in oil production

VIENNA, Austria. 1 December, 2016 - Qatar's energy minister Mohammed Al-Sada, president of OPEC, speaks during a press conference after an OPEC ministerial meeting in Vienna, Austria, Nov. 30, 2016. The OPEC on Wednesday decided to cut its oil output by 1.2 million barrels per day, setting the ceiling of oil production at 32.5 million BPD (barrels per day). (Liu Xiang)


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