Oil Producers Inflate Numbers Ahead of Proposed Cuts

Houston Chronicle: OPEC, Russia exaggerate oil production ahead of Doha meeting
But if the proposed freeze of production is adopted, it may only dump more oil on the already oversaturated market. Recent data submitted to the OPEC Secretariat suggests the cartel's members are inflating their output levels to set a production ceiling that would allow them to sell additional barrels in global markets - and further add to the glut.

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