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OPEC+ Set to Keep Oil Quotas Unchanged
The key OPEC+ producers managing their collective oil production are expected to keep quotas unchanged for December when they meet on Sunday, sources familiar with the plans told Reuters on Tuesday. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman have kept their targeted output unchanged after completing in September the phased rollback of 1.65 million barrels per day (bpd) of supply cuts first agreed in 2023. These targets have been only on paper in the past eight months as the Middle East conflict disrupted crude oil supplies…
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