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OPEC confident oil cuts leading to price recovery

20 April 2017
OPEC confident oil cuts leading to price recovery
OPEC says its confident recent production cuts will lead to a price recovery for the oil market.

The organisation’s secretary general Mohammad Barkindo says policy measures have already put the group on the path of recovery.

However, he did not say whether members would extend cuts when they meet next month – saying they would take a decision that was in the best interests of both producers and consumers.