OPEC to Discuss Ending or Extending Production Cut in November

OPEC will discuss at a meeting in November whether to extend or end production cuts. Kuwait`s oil minister Essam al-Marzouq told Kuwait TV on Monday.
`At our next meeting at the end of November…the most important items will concern the fate of the agreement to extend or terminate the production cut.` Marzouq told Kuwait TV in an interview.
He said oil inventories in recent weeks fell more than expected and that one-week forecasts were two million barrels a day. down from 6.5 million.

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