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OPEC Plus Considering Major Production Cut to Prop Up Oil Prices

Por: The New York Times Business October 03, 2022

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OPEC Plus, the oil producers’ group, is considering announcing a major cut in production when it meets on Wednesday, according to a person familiar with the thinking of Saudi Arabia, the group’s de facto leader. Such a move, which analysts say is widely expected, would be a blow to the Biden administration, after it lobbied the Saudis to increase output.A cut would also mark a major turnaround in policy for OPEC Plus, which includes Russia.... + full article



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