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OPEC and non-OPEC oil producing countries did not issue an official statement on increasing production after holding the tenth joint ministerial supervisory committee meeting in Algeria on the 23rd. Saudi Arabia is the largest oil producer in OPEC. Saudi Oil Minister Khalid Falih said after the meet

The two day annual meeting of the Organization of Petroleum Exporting Countries OPEC came to an end on the afternoon of December 7, local time. After negotiations, major oil producers, including non-OPEC countries such as Russia, finally reached a new agreement to reduce