OPEC slashes 2021 oil prospects

The Organisation of the Petroleum Countries (OPEC) has celebrated its diamond anniversary, with this year marking one of the greatest global challenges that triggered the worst economic recession and oil market downturns in its history.

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East Coast drilling exploration

OPEC, allies to execute record oil production cut

The Organisation of the Petroleum Exporting Countries (OPEC) and non-OPEC oil producing countries have agreed to cut almost 10 million barrels per day (mb/d) in oil production. The agreement will see
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