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OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market

Wael Mahdi, Mahmoud Habboush, Salma El Wardany
OPEC Head Says Oil Cuts ‘Only Viable Option’ to Stabilize Market

The oil market is re-balancing at a quickening pace and production cuts are the “only viable option” to restore stability, OPEC Secretary-General Mohammad Barkindo said.