Seven OPEC+ countries are convening today to set new oil production quotas.This is the first such decision since the United Arab Emirates (UAE) withdrew from the cartel, further fueling price pressures due to the ongoing Middle East conflict.The UAE, a major global producer, announced its exit from OPEC and expanded OPEC+ group on April 28, after dissatisfaction with their production quotas.
OPEC+ Countries Meet to Set New Oil Production Quotas Amid Price Pressures
Newsbytes•
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Publisher: Newsbytes
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