APPEC-Oil stocks to rise on slower demand, OPEC cuts needed to bolster prices
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Article by:
Emily Chow and Isabel Kua - Reuters
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Date Published:
September 26, 2022
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Who was cited:
Fereidun Fesharaki, Chairman FGE
Global oil stocks are set to rise next year amid weakening demand and a stronger U.S. dollar, executives at an oil conference said on Monday, adding that OPEC will have to cut output to reduce supply if they want prices to remain supported.
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