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OPEC+ to Speed Up Oil Output Hikes
Financial Express Pune
|May 05, 2025
OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, five sources from the group said.
OPEC+ shocked the oil market in April by agreeing a faster-than-expected unwinding of cuts despite weak prices and demand.
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