Mr Naimi of Saudi Arabia said OPEC's four Gulf Arab countries proposed the 12-member group increase output by 1.5 million barrels a day to 30.3 million barrels a day.
But they were left isolated by a majority of seven - Libya, Algeria, Angola, Ecuador, Venezuela, Iraq and Iran - who wanted to keep production unchanged. Nigeria remained neutral. TODAYonline
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But they were left isolated by a majority of seven - Libya, Algeria, Angola, Ecuador, Venezuela, Iraq and Iran - who wanted to keep production unchanged. Nigeria remained neutral. TODAYonline
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