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OPEC Plus Boosts Output for Market Stability | Calgary News
OPEC+ just announced a major oil production boost—seven key members, including Saudi Arabia and Russia, are ramping up output to restore market stability after a supply crunch fueled by Middle East tensions. Prices spiked earlier this year, hitting consumers hard at the pump, but recent peace deals and reopened shipping lanes are easing pressure. While production is recovering, it’s still below pre-conflict levels. The cartel’s next meeting on August 2nd will decide if they’ll keep increasing output—balancing supply and price remains their top priority. Listen in comfort:Get a discount on a…
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