Official: OPEC to Review Oil Output Levels

OPEC will make important decisions on oil production levels at its June meeting in Caracas, Venezuela’s oil minister said Wednesday, adding it was too early to say whether Venezuela would recommend a production cut as it did earlier this month.

“We expect that, for the next meeting here in Caracas, there will be very important decisions related to the levels of production,” Oil Minister Rafael Ramirez told reporters.
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