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    Oil dips as OPEC, Russian output rises ahead of production cut

    By hellenicshippingnews Oil prices slipped on Tuesday as crude output rose in virtually every major export region despite plans by OPEC and Russia to cut production, triggering fears that a fuel glut that has dogged markets for over two years might last well into 2017. International Brent crude oil futures were trading at $54.64 (42.85 pound) … Read full story ›

    Source:: Hellenic shipping news Oil