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23.03.2015 - 05:51 [ IBTimes ]

Oil prices down as Opec remains stern about production levels

`Today the situation is hard. We tried, we held meetings and we did not succeed because countries (outside OPEC) were insisting that OPEC carry the burden and we refuse that OPEC bears the responsibility,´ Naimi was quoted as saying to reporters on the sidelines of an energy conference in Riyadh.

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