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Economy

OPEC oil ministers gather to discuss production increase

Updated : June 20, 2018 07:09 AM IST

The officials were arriving in Vienna ahead of the official meeting Friday, when they will also confer with Russia, a non-OPEC country that since late 2016 has cooperated with the cartel to limit production.
The 14 countries in the Organization of the Petroleum Exporting Countries make more money with higher prices, but are mindful of the fact that more expensive crude can encourage a shift to renewable resources and hurt demand
OPEC oil ministers gather to discuss production increase

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