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OPEC and allies to ease cuts, allow more oil production

Updated : July 16, 2020 09:38 AM IST

Together, the oil-producing nations had agreed to cut production by nearly 10 million barrels per day, which amounts to about 10 percent of global oil supply, through the end of July.
Economic recovery also could bring renewed power struggles among OPEC and other oil-producing nations, where relationships are fragile.

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