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OPEC Predicts Hike in 2017 Surplus

OPEC Predicts Hike in 2017 Surplus

Demand for crude from the Organisation of the Petroleum Exporting Countries will average 32.48 million barrels per day (bpd) in 2017, OPEC said in a monthly report on Monday. That is down from the previous forecast of 33.01 million bpd. OPEC itself kept output near a...