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OPEC and other oil nations held talks on Thursday on a record global production cut of up to 20 million barrels per day, equal to about 20% of global supplies, to support prices hammered by the coronavirus crisis, OPEC and Russian sources said.
Talks have been complicated by friction between OPEC leader Saudi Arabia and non-OPEC Russia, two of the world’s biggest oil producers. But OPEC and Russian sources said they had managed to overcome their differences.
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