Further OPEC+ Production Cuts Could Be Looming

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“The simple tweak shows that we will be attentive, preemptive and pro-active in terms of supporting the stability and the efficient functioning of the market to the benefit of market participants and the industry,” Prince Abdulaziz bin Salman said. Though the cut was minimal, it could signal that further production cuts are on the horizon. OPEC+ reversed on Monday this month’s increase in ...

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