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The Organization of the Petroleum Exporting Countries is reducing output by about 1.2 million barrels per day as part of a deal with Russia and other non-OPEC producers. The pact will run until the end of 2018.
"The next step may be easing of the production constraints.
My estimation is that it will happen sometime in 2019. But we don't know when and we don't know how," he said.
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