Tag: opec
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Oil Prices Soar as OPEC+ Announces Production Cuts
Oil prices have experienced a sharp rise after the OPEC+ alliance announced 1.66 million barrels of daily production cuts. The cuts, which will take effect in May, are being shared among a number of producing countries, including Saudi Arabia and Russia, who have agreed to reduce their pumping by 500,000 barrels per day each. The […]
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