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OPEC Oil Ministers Meet, Likely to Maintain Output Targets

Defying OPEC attempts to project unity, Iran and Saudi Arabia went into a meeting of the 12-nation cartel Friday declaring that they would not cede authority to the organization over how much oil they could sell. Though oil ministers of the Organization of the Petroleum Exporting Countries were expected to keep the official output target of 30 million barrels a day, Iranian and Saudi ministers suggested that overproduction would continue, even if that ended up oversupplying markets and...

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