Norway Likely to Extend Production Cuts
Norway is likely to continue its 7.5% cut in production in support of OPEC's market stabilization efforts beyond the end of June, but will reserve its final decision until after the 25 June OPEC meeting, according to Norwegian Oil Minister Arne Oeien. Speaking after a meeting in Oslo with Nigerian Oil Minister Rilwanu Lukman on 4 June, Mr. Oeien said that "we exchanged views on prospects for the oil market and shared analysis with one...
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