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HIBAPRESS – Follow-up
Members of the OPEC+ alliance agreed on Sunday to a new increase in oil production quotas, in light of the repercussions of the ongoing war in Iran and its impact on global energy supplies.
The alliance, which includes major producers such as Saudi Arabia and Russia, along with a number of Gulf countries, decided to increase production by 206,000 barrels per day, with this decision to take effect from next May.
