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Saudi Arabia, 7 other OPEC+ nations extend voluntary supply cuts

Summary by Arab News
RIYADH: Eight members of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, agreed on Thursday to extend their voluntary supply cuts until the end of November, postponing a planned output increase amid falling crude prices. The eight OPEC+ nations are Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria and Oman. Their voluntary supply cuts of 2.2 million barrels per day will be extended “for two …
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