LONG-TERM OPEC COOPERATION
SHANA - A landmark deal between OPEC and non-OPEC oil producers on reducing oil output to help shore up prices is viewed as a significant event in world markets. Oil prices have rallied and the oil market has entered a new phase.
In addition to the production cut deal extension by the end of the year in favor of market balance, some OPEC members have made remarks hinting at the start of a new phase in cooperation between OPEC and non-OPEC states.
In light of new developments,…
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