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OPEC+ To Increase Oil Output By 50% As Energy Prices Skyrockets
OPEC+ has agreed to increase the quantity of its oil-supply output by about 50% after months of pressure from major consumers including the US. On Thursday, authorities entreated the group to add 648,000 barrels a day of oil to the market in July and August, up from 432,000 barrels a day in recent months, a…