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Trump; OPEC+ Looking to cut 20 Million bpd, Not 10 mln

Reuters

   WASHINGTON - U.S. President Donald Trump said on Monday the OPEC+ group
   of oil producers is looking to cut output by 20 million barrels per
   day, double the 10 million barrels agreed to a day earlier.

   "Having been involved in the negotiations, to put it mildly, the number
   that OPEC+ is looking to cut is 20 Million Barrels a day, not the 10
   Million that is generally being reported," Trump said on Twitter.

   The group, comprising the Organization of the Petroleum Exporting
   Countries, Russia and other countries, said Sunday it had agreed to
   reduce output by 9.7 million barrels per day (bpd) for May and June,
   after four days of talks and following pressure from Trump to arrest
   the price decline.

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