The Organization of petroleum exporting countries (Opec) are considering a new extension of cuts in the price of "black gold" by the end of 2018, according to Iraq's oil Minister, Jabbar al-Luaibi.
In one of the last meetings of the organization it was decided that the cut in production, in order to enhance the price of a barrel, would until at least March 2018. However, every effort to decrease the production seem to still have not achieved the desired effect on the market.
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