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energyLOWAE2026-05-03 12:30 UTC

OPEC+ hikes oil production quotas but stays mum on UAE pull-out

Saudi Arabia, Russia and five other OPEC+ countries increased their oil production quota on Sunday in an expected move aimed at demonstrating continuity at the cartel after the shock withdrawal of the United Arab Emirates. The seven major producers will add 188,000 barrels per day to their total pro

ORIGINAL SOURCE →via Al-Monitor
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