OPEC to Skip Production Cut

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OPEC’s president confirmed Wednesday that the group will not change its production level amid the political instability and terrorism unnerving global markets.


Edmund Daukoru, Nigeria’s oil minister and president of the Organization of Petroleum Exporting Countries, said output would remain unchanged, but the 11-nation cartel would monitor it closely between now and its next meeting in Caracas, Venezuela, on June 1.


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