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Global Oil to Cut Spending by $130 Billion, OPEC Says - Wall Street Journal
Wall Street Journal | Global Oil to Cut Spending by $130 Billion, OPEC Says Wall Street Journal LONDON—Global oil investments are set to be slashed by a staggering $130 billion this year, crimping supplies and ultimately boosting prices, OPEC's chief said Tuesday, and added that he was open to discuss the current oil market turmoil with the U.S.. OPEC chief: Oil prices will rebound as investment is slashed OPEC Secretary-General sees "improvement" in oil market OPEC Chief Sees Oil Market Improving, Low Price Will Not Persist |
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