1.2 m

Arab News - - Business News - Reuters

— to­gether known as OPEC+ — is likely to see a drop in out­put by 1.6 mil­lion bar­rels a day, the bank said.

“We see a ma­jor re­bal­anc­ing with Saudi ( Ara­bia) and UAE likely re­duc­ing out­put by 1.2 mil­lion bar­rels a day from Novem­ber lev­els … Other mem­bers

Bank of Amer­ica Mer­rill Lynch warned that the price of Brent crude could fall to $35 a bar­rel if global GDP slows down to 2 per­cent.

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