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OPEC++ members, particularly Saudi Arabia and the United Arab Emirates, reach an agreement to increase oil production, ending disputes that caused prices to reach their highest level since 2014. Per the terms of the agreement, Russia will increase its production from 11 million barrels to 11.5 million by May 2022, while the other members will increase their production by 400,000 barrels per day starting in August.

OPEC+ Reaches Agreement On Oil Output Increase; Russia To Boost Production

Sources:  RFE/RL


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