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OPEC+ Discusses Holding Ministerial Meetings on July 10-12

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VIENNA - JULY 3: File picture taken on July 3, 2001 showing the OPEC headquarters in Vienna, Austria. OPEC said 12 April 2002 that it is concerned by the situation in Venezuela because the country might boost its oil output in order to increase funds available to the state. (Photo by: BARBARA GINDL/AFP/Getty Images)
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OPEC and non-OPEC States are discussing holding their ministerial meetings on oil output policy on July 10-12 in Vienna, a date range proposed by Iran, OPEC sources said on Tuesday.

The Organisation of the Petroleum Exporting Countries, Russia and other producers have since Jan. 1 implemented a deal to cut oil output by 1.2 million barrels per day.

The meeting is to decide whether to extend the pact and whether to adjust it.

The new suggestion is that the Joint Ministerial Monitoring Committee, an advisory panel, meets on July 10, followed by OPEC ministers on July 11 and the combined gathering of OPEC and non-OPEC producers on July 12, the sources said. 

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