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Why won't oil producers cut supply to boost the price? - BBC News

BBC News

Why won't oil producers cut supply to boost the price?
BBC News
The global price of oil has fallen by more than two thirds since mid-2014 to under $28 a barrel. US shale oil coming on stream and now Iran's re-entry into the market mean supply is high and likely to stay high. So why aren't Opec members cutting ...

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