Analyst: Oil market needs production cut of 1.3 million bpd
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Analyst: Oil market needs production cut of 1.3 million bpd

In order to stabilize prices, oil production needs to be cut by 1.3 million barrels per day, says Andy Lipow of Lipow Oil Associates. He sees prices falling to the $30 to $40 per barrel range if no production cuts are made.
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Mon, Dec 3 20186:58 PM EST