OPEC expects another over-supply of oil next year

OPEC expects to produce 560,000 barrels more a day than will be needed next year. Last week the organization agreed to limit their production into the first quarter.
Photo: Leonhard Foeger/REUTERS / X00360
Photo: Leonhard Foeger/REUTERS / X00360
BY RITZAU FINANS

Last week, the Organization of the Petroleum Exporting Countries – better known as OPEC – decided to maintain output cuts on oil production into next year's first quarter. But the challenge will continue.

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