This article appeared online at TheNewAmerican.com on Monday, May 15, 2017:
In a joint statement released on Monday, oil ministers from Russia and Saudi Arabia said the present crude oil production reduction agreement reached last November should be extended for another year. The original target was a reduction of world crude inventories down to its five-year average. Since the present agreement didn’t come close, it should be extended, said Saudi energy minister Khalid al-Falih:
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