UPDATE: Russia's Novak Says OPEC Meeting May Discuss 5% Output Cut - Bloomberg, Citing RIA
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(Updated - January 28, 2016 9:17 AM EST)
OPEC and other producers will meet on a ministry level in February, according to Bloomberg, citing RIA. The meeting may discuss a 5% output cut.
Interfax also reported on the topic, saying Saudi Arabia suggested that producing countries reduce oil production by 5%.
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