OPEC has slammed the brake on speculation, flatly rejecting media reports that the G8 is preparing to hike crude oil production by half a million barrels per day. In a statement from Vienna on Tuesday, the OPEC Secretariat called the claims “wholly inaccurate and misleading,” stressing that discussions among ministers for the upcoming meeting haven’t even begun yet. The statement, which reads more like a hostile rebuke, targets earlier media reports that suggested that OPEC+ was weighing a much larger oil production increase…
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