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UAE to increase oil production and production capacities in April

US, WASHINGTON (NEWS OBSERVATORY) — World oil prices fall by 3% after reports that the Saudi Saudi Aramco and the Emirate’s ADNOC are ready to increase production capacity, according to trading data.

As of October 13, UTC, the price of May futures for the North Sea Brent crude oil mix fell by 3.06% to $ 36.08 per barrel. The cost of April futures for WTI crude oil – by 3.26% – up to 33.24 dollars per barrel.

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