OPEC+ raises oil output quotas for 'stability' after shock UAE pull-out
Seven OPEC+ countries including Russia and Saudia Arabia increased their oil production quotas on Sunday, the organisation said. Analysts say the decision is aimed at projecting stability following the United Arab Emirates' sudden departure from the bloc effective Friday.
Seven OPEC+ countries including Russia and Saudia Arabia increased their oil production quotas on Sunday, the organisation said. Analysts say the decision is aimed at projecting stability following the United Arab Emirates' sudden departure from the bloc effective Friday.
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