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Russia’s Novak says OPEC+ extended cuts in order not to destabilise global market

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Russia’s Deputy Prime Minister Alexander Novak said on Thursday that the OPEC+ group of leading oil producers had decided to extend output cuts in order not to destabilise the global energy market, amid weaker seasonal fuel demand. Novak also said that the compliance with production quotas among the OPEC+ countries is high, while the global ...

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