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OPEC+ set to agree to modest oil output hike
Financial Express Chennai
|November 03, 2025
OPEC+ IS SET to agree on Sunday on another modest increase in oil output targets, three sources familiar with the talks said, as the producers’ group moderates plans to regain market share due to rising fears of a supply glut.
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OPEC+ has raised output targets by more than 2.7 million barrels per day — about 2.5% of global supply — since April, but slowed the pace in October and November from larger increases amid predictions of
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