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OPEC is considering continuing reduction production by the end of 2020

OPEC is considering extending its reduction production by the end of this year and there are discussions on its way in the early stages.

According to Reuters quoted by Dice News Agency, an OPEC source said yesterday that the organization is discussing on extending its reduction production by the end of this year because the market conditions are on the decline in oil prices.

According to the source, OPEC’s next meeting will be held in March of this year, but it is also likely that OPEC members will meet in June to decide on their production policy.

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