OPEC+ to boost oil production

OPEC+ to boost oil production

The Organization of the Petroleum Exporting Countries and allies, known as OPEC+, agreed on Thursday to increase oil production to offset Russian output losses and ease soaring prices. According to a press release published on its website, the group will hike output by 648,000 barrels per day (bpd), or 0.7% of global demand, over theā€¦

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