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Ekonomické zprávy
25.11.2021

Iraq's oil ministry: OPEC is cautious about pumping and reducing oil supply

Iraq's oil ministry stated on Thursday that the Organization of the Petroleum Exporting Countries' (OPEC) strategy has been successful so far, and the cartel does not want to lose this success. Since the situation in oil markets remains fragile, OPEC is dealing cautiously with pumping and output cuts, the ministry said. It also warned that any additional quantities can lead to a collapse in price or oversupply.


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