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OPEC+ maintains modest increase in oil output
OPEC and allied oil-producing countries have decided to maintain the amount of oil they pump to the world even as the new Omicron variant casts a spikey shadow of uncertainty over the global economic recovery from the pandemic.
Washington
Officials from OPEC countries, led by Saudi Arabia, and their allies, led by Russia, voted to stick with a pre-Omicron pattern of steady, monthly increases in oil releases — a pace that has frustrated the US and other nations as gasoline prices rise.
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