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Novak: OPEC may sign a new long-term agreement by the end of this year
MOSCOW (Reuters) - The Organization of the Petroleum Exporting Countries (OPEC) and its independent producers may sign a new long-term cooperation agreement at the beginning of December, Russian Energy Minister Alexander Novak said on Tuesday .
OPEC, Russia and other non-OPEC producers agreed in June to return to 100 percent compliance with oil production cuts, which began in January 2017, after shortages in Venezuela and elsewhere over months led to a higher commitment to cuts. Level .
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