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OPEC+ Sticks With Plan to Keep Oil Production Quotas Unchanged
Source: Bloomberg
Energy Markets & PricesGeopolitics & WarCommodities & Raw Materials
OPEC+ major nations reaffirmed unchanged oil production quotas despite disruptions from the ongoing Iran war. With Iran war-related outages shrinking supply across the Middle East, the decision risks tightening balances and supporting higher oil prices, though it also leaves the market exposed to escalating geopolitical uncertainty.
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