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GeoBITs

April 4, 2023

Dakota Cary
Apr 4, 2023
∙ Paid
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Russia & Europe

Economy

The OPEC+ group of oil-producing countries, which includes Russia, Saudi Arabia, and other major suppliers, made a surprise pledge last week to cut production by more than one million barrels per day, calling the decision a “precautionary” move aimed at stabilizing markets. Oil prices surged in response to the announcement, with bo…

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