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Aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of quarters opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest are lower than normal production. Or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up through to opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the outputs in order to help the historically low price to stabilize but as the New York , United States , Czech Republic , Eteläuomen Läi , Saudi Arabia , John Michael , Dari Pashto , November Hideo , Wall Street , Pick Oil , Oil Price , Oil Top , Top Technology , Technology Behind , Oil Total , Million Barrels , Barrels Per Day , Oil Gushes , Price Oil , Dow Jones , Mark First , First Time , Main Reason , Tax Reform , Promising Business , Senate Voting ,
Member states are hoping it will stay that way for the next nine months that is the aim of their latest deal at least to extend a cap on global supplies agreed to in vienna on thursday and review is possible in june if the market over heats saudi arabia believes the market has yet to rebalance awards its premature to talk about exiting the cuts at least for a couple of courses opec members also decided to cap nigerias output but have yet to agree a cap for libya both countries are exempted from cuts during previous rounds of talks due to unrest and lower than normal production or financial correspondent so fishermans he joins us now from wall street sophie the pick up in the oil price is also dependent on whether rival u. S. Shale firms raise their output further or not could the u. S. End up forty opec plants. Yes definitely you can say that and this is indeed exactly what has been going on so far in the opec so saudi arabia for example and iran have repeatedly agreed on having the ou ....