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OPEC+ Agrees on Third Oil Supply Surge Despite Russia’s Qualms

Markets

Fiona MacDonald, Salma El Wardany, Nayla Razzouk, Grant Smith

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May 31, 2025

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Bloomberg

OPEC+ agreed to surge oil output for the third month in a row despite reservations from key member Russia, doubling down on a historic policy shift that has sent crude prices sinking.

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