OPEC slashed oil production last month as the group kicks off plan to boost sagging prices

OPEC slashed oil production last month as the group kicks off plan to boost sagging prices

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None OPEC+ scaled back production by more than 400,000 barrels a day last month to boost prices • None Half of the reduction in output came from Iraq and Kuwait, with a quarter from Libya, per Bloomberg. • None Global oil supply set to surge by 1.5 million barrels a day this year. OPEC and its…

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