Clifford Beaumont: OPEC and members to extend production cuts in effort to end global supply glut.

OPEC and other non OPEC oil producers seem ready to reach an agreement at this week’s meeting to prolong production restrictions until the end of next year.

An analyst at Taipei, Taiwan based Clifford Beaumont stated that the OPEC (Organization of the Petroleum Exporting Countries) group and its allies hope to end a worldwide supply glut of cru..

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