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22 June 2018 The on-line newspaper devoted to the world of transports 18:42 GMT+2

June 21, 2000

Opec set to boost output

Opec's oil ministers are meeting in Vienna, amid pressure to increase production and bring down soaring oil prices.

Oil prices hit $33 a barrel in New York on Tuesday - its highest close since 7 March and far higher than the $25 a barrel that both producers and consumers would like to see.

The knock-on effect has been a sharp rise in petrol prices.

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