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Saudi and Iraq Satisfied with Oil Market Recovery

Source: Reuters 10/22/2017, Location: Middle East

Saudi Arabia and Iraq expressed satisfaction with the orientation of the global oil market towards recovery as a result of a deal to boost prices by limiting production, Saudi state media reported.

OPEC, Russia and a number of other oil producers are cutting output until March 2018 in an effort to boost the price of crude.

Saudi Arabia and Iraq are respectively the biggest and second-biggest producers in the Organization of the Petroleum Exporting Countries.

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Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


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