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05-10-2022, 11:25 PM
https://www.ft.com/content/64d35a40-5144...DBf2sz8PMw
Saudi Arabia and Russia have led the Opec+ cartel in a deal to make deep oil production cuts to raise prices, risking a backlash from the US and European countries already battling soaring energy inflation.
The Opec+ group will cut 2mn barrels a day, equivalent to 2 per cent of global supply, according to people familiar with the discussions.
Saudi Arabia and Russia have led the Opec+ cartel in a deal to make deep oil production cuts to raise prices, risking a backlash from the US and European countries already battling soaring energy inflation.
The Opec+ group will cut 2mn barrels a day, equivalent to 2 per cent of global supply, according to people familiar with the discussions.
