Oman to reduce oil output by more than expectedReduction boosts chances of large cut by OPEC Jan. 1, even though goal of non-OPEC cuts of 500,000 barrels a day not achieved by The Associated Press Business Writer
The likelihood that OPEC would curtail oil production by 6 percent and avert a global price war grew stronger Dec. 20 after Oman pledged to increase the size of a reciprocal cut in its own crude output.
Members of the Organization of Petroleum Exporting Countries agreed in November to trim their su....
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Goal “practically achieved”
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