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World

Saudi may have won an oil truce – but a greater conflict now looms

14 April 2020

11:23 PM

14 April 2020

11:23 PM

For the first time in months, the coronavirus panic was briefly demoted as the main news story on Sunday when OPEC and oil-producing non-OPEC nations agreed a deal to cut oil production by 9.7 million barrels a day – initially to stabilise and then hopefully increase prices. It is the most dramatic production cut in history and of course not unrelated to the pandemic itself.

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