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Tag "Organisation of Petroleum Exporting Countries (OPEC) and its allies"

OPEC+ bows to pressure to pump more oil, raises output by 216,000 bpd

The Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have agreed to ramp up global oil supply, yielding to western pressures to pump more oil. The decision

Oil prices jump as OPEC+ agrees to stick to planned output

Oil prices jumped Wednesday as the Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, agreed to stick to its planned oil output. Brent crude rose 1.03

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