Opec sees output at current levels

Opec countries should maintain oil output at current levels despite a surplus of supply but may trim production later, Opec President Edmund Daukoru said in an interview with an Italian newspaper published on Saturday.

There is a 2.5 million barrels per day surplus of supply on the market. However, the preferred solution would be to maintain production at the current levels. Then the trend would be to correct production with cuts, Daukoru told financial daily Il Sole 24 Ore.

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