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OPEC under pressure to boost oil price
With the oil price at its lowest since 2009, OPEC ministers are under intense pressure to make cuts in production and stem losses from national fiscal budgets. Hints from Saudi Arabia suggesting the oil rich Arab state was prepared to restrict supply caused an immediate price rise but levels have not lifted far from the 40 USD per barrel mark and if prices stay around that level the pressure stays on.
02:24 minutes
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