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Two sources: The OPEC Committee estimated the commitment of oil producers to reductions at 109% in July
The Opec control panel and independent producers have concluded that oil producers involved in the supply cut cut their production in July by more than 9 percent of the cuts stipulated in their deal, two sources familiar with the matter said on Monday .
The committee includes representatives from Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Algeria, Venezuela and Oman.http://economy-news.net/content.php?id=13397
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