price caused production cuts

  1. 8,906 Posts.
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    Th question I have is It may be a bit early to be sure but the opec announced cuts have not caused a stop to the price slide let alone an increase . We have been told that msny of the oil producing countries have higher costs of production than the present poo. Will these countries stop producing , untill the price rises again. Their stopping production is of course an upward pressure in itsel
 
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