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OPEC promises to increase Oil production Despite drop in Oil priceAccording to World Oil OPEC promises to maintain its production at current levels and refrains from setting an official output target, a continuation of the Saudi Arabian-led policy that’s driven prices to a six-year low.The Organisation of Petroleum Exporting Countries decided to retain production at 31.5 MMbopd, group President Emmanuel Ibe Kachikwu told reporters on Friday, after a meeting of OPEC ministers in Vienna. …