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Saudi Arabia: Deal can be done this week to boost oil supply

June 21, 2018

Via: CNN

Saudi Arabia wants OPEC to boost oil supply to keep its customers satisfied. And it thinks other producers will agree.

Saudi Energy Minister Khalid Al-Falih said Thursday that OPEC members and other countries who agreed in November 2016 to cut output should increase supply by about one million barrels per day to prevent a shortage.

“That would be a good target to work with,” Al-Falih said on the eve of an OPEC summit in Vienna, Austria.

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