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OPEC to raise oil output target to 23 million bpd
OPEC representatives agreed to boost the formal production target by 6 percent to 23 million barrels per day, with a Jan. 1 implementation. Bilwanu Lukman stated the group would urge members to comply with new quotas. Saudi Arabia urged curb of excess supply by up to 2 million bpd.
MENTIONED IN THIS ARTICLE
OPEC
INA
Austria
Organization of Petroleum Exporting Countries
Bilwanu Lukman
Vienna
Saudi Arabia