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Oil producers say they can ramp up output as needed to meet any shortages in global oil market

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Saudi Arabia and Russia signal at a meeting of oil producers that they have the capacity to further ramp up production to match global supply disruptions, while keeping crude price steady, even as they deferred any concrete decisions on output levels to later this year.

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 /  🏆 3. in JP
 

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So no excuse for oil over 70 a bbl.

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