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OPEC unlikely to cut output at March meet-delegate

Written by: Staff

DUBAI, Mar 5 (Reuters) OPEC is likely to keep its oil production levels steady when it meets in March due to high prices and output losses from some producing countries, a senior OPEC delegate said.

''It is unlikely that OPEC will take action at this meeting, but it will keep its options open to take action if needed (later),'' the delegate told Reuters, adding that oil markets are well-balanced and current stockbuilds ''reasonable''.

Reuters SY RS1541

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