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Russia Repeats Oil-Hike Proposal as Iran Digs In: OPEC Update

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OPEC Needs Steady Oil Price, Ayers Alliance's Barratt Says
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Oil ministers from OPEC and its allies are starting to arrive in Vienna for what promises to be one of the cartel’s most contentious meetings in years. (All timestamps CET.)

Russia’s energy minister reiterated that OPEC should consider a 1.5 million-barrel-a-day increase to output quotas because the market is almost balanced.