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OPEC+ agrees to limit production with Saudi Arabia favoring output cut

While Saudi Arabia wants to take the heavy burden to limit production, other countries prefer to maintain output levels.

Photo: Dado Ruvic/REUTERS / X02714

The Organization of Oil Exporting Countries and their OPEC+ allies have reached an accord to limit oil output in the coming month.

Saudi Arabia favored pulling the heavy load by cutting production, while other countries either wanted to maintain or even increase extraction slightly – including Russia, reports Bloomberg News.

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