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Saudis reassert leadership via output cut extension, but risk losing Asia market share

Saudis reassert leadership via output cut extension, but risk losing Asia market share

December 15, 2017

SAUDI ARABIA reasserted its leadership of the oil markets at the Opec/non-Opec meeting on November 30 in Vienna, brokering its desired extension of the 1.8 million barrels per day output cut agreement by nine months until the end of 2018.

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