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Saudi, UAE Signal no Push for OPEC Oil Cut

OPEC leader Saudi Arabia and fellow member the United Arab Emirates signaled on Wednesday they were unlikely to push for a major change in oil output at the group's meeting this week to prop up prices that have collapsed by a third since June. Saudi Oil Minister Ali al-Naimi said he expected the oil market “to stabilize itself eventually” after talks with non-OPEC member Russia on Tuesday yielded no pledge from Moscow to tackle a global oil glut jointly. OPEC's meeting on...

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