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Key Oil Producers Fail to Agree on Production Cuts

The world's biggest oil exporter, Saudi Arabia, and other key producers have failed to agree to cut production as a way to halt the sharp drop in petroleum prices. Saudi oil minister Ali al-Naimi met Tuesday in Vienna with key energy officials from Venezuela, Russia and Mexico before Thursday's meeting of the Organization of the Petroleum Exporting Countries. But the four countries agreed only to monitor world oil prices and meet again in three months. The 12-nation OPEC...

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