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Opec to slash oil production due to coronavirus

Oil ministers from the 14 Organisation of the Petroleum Exporting Countries decided to push for a cut of 1.5m barrels a day. The move is expected to be positive for the liquefied natural gas and liquefied petroleum gas sectors, but negative for tankers

Opec says the virus may push down global oil demand growth to only 480,000 barrels per day this year, from growth forecasts of 1.1m bpd in December, before the coronavirus outbreak

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