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OPEC Proposes First Oil Production Cut in Eight Years - Natural Gas Intelligence

Stung by continuing oversupply wrought by the U.S. unconventional revolution, the 14-nation Organization of the Petroleum Exporting Countries (OPEC) reached a tentative agreement Wednesday to reduce output for the first time in eight years -- to 32.5 million b/d from an August level of 33.24 million b/d.
United States Saudi Arabia Patrick Rau Societe Generale Michael Wittner Chesapeake Energy Corp Goldman Sachs

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