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The world waits on Opec

Global economic health is at stake as energy leaders await freeze deal confirmation

Opec must formalise a provisional agreement to freeze oil output, reduce oil-price volatility and boost the global economy, crude producers told delegates at the World Energy Congress on Tuesday. "This is not a question of the economies of oil producers, it's a question of the economy of the world," Venezuela's oil minister Eulogio Del Pino said. "The world economy is waiting for a decision to be taken by the world's oil producers." Last month Opec provisionally agreed in Algiers to maintain oil production between 32.5m barrels a day and 33m b/d. The group is due to continue discussions at its next official meeting in Vienna in November. Data released today by the International Energy Age

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