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15 December 2019 The on-line newspaper devoted to the world of transports 09:05 GMT+1

May 30, 2000

OPEC to Hike Output if Prices Stay High

By Reuters

CARACAS, Venezuela (Reuters) - OPEC President Ali Rodriguez said on Monday the cartel would increase production if oil prices remain at current levels.

``We already have 10 continuous days above $28, and if this is maintained continually then the market correction mechanism will be automatically triggered with an increase in production,'' Rodriguez, ......
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