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OPEC+ agrees to delay October oil output hike for two months

By Economic Times - 2 months ago
OPEC+ has decided to delay a planned oil output increase for October and November after crude prices hit their lowest in nine months. The group, which includes OPEC and allies led by Russia, is holding back around 5.86 million barrels per day in output, equivalent to about 5.7% of global demand.

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