OPEC+ agrees to revive more output as market looks tighter

The 23-nation OPEC+ alliance led by Saudi Arabia and Russia approved a 400,000 barrel-a-day increase scheduled for February at a meeting on Tuesday.
Photo: Hasan Jamali/AP/Ritzau Scanpix
Photo: Hasan Jamali/AP/Ritzau Scanpix
By Grant Smith, Salma El Wardany, Ben Bartenstein and Dina Khrennikova, Bloomberg Mercury

OPEC and its allies agreed to revive more halted production as the outlook for global oil markets improved, with demand largely withstanding the new coronavirus variant.

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