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OPEC+, the collective of oil producers led by Saudi Arabia, announced a cut of more than one million barrels per day from May until the end of the year. While the group said the move was aimed at maintaining stability in the market, many experts believe it is a sign of Riyadh’s independence from Washington
The figure is slightly above estimates for a cut given last week, which ranged between 500,000 bpd and 1 million bpd.
European Union (EU) officials will hold talks in Vienna with OPEC representatives on Monday amid calls for the producer group to increase output
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