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Published On: Mon, Dec 30th, 2013

OPEC ministers see no 2014 glut amid signs of demand

Oil ministers from Organisation of Petroleum Exporting Countries’ (OPEC) three biggest members rejected the possibility of a glut in global crude supply next year amid an increase in US output and efforts by Iran and Libya to add barrels to the market. The OPEC, which provides about 40 percent of the world’s oil, won’t need…

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