OPEC likely to extend production supervision agreement

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ALGIERS- The OPEC has lowered its forecast for crude oil demand this year due to the sharp increase in production from competition, which justified the extension of the production framework agreement beyond June next year, in force since early 2019, the Organization said in its March report.

 

The OPEC has lowered its forecast for crude oil demand this year due to the sharp increase in production from competition, which justified the extension of the production framework agreement beyond June next year, in force since early 2019.

 

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