MARKETS

OPEC+ strikes a deal to boost output

OPEC and its allies have struck an accord to gradually add more oil supplies to the market, after a rift formed between member states Saudi Arabia and the United Araba Emirates.

Aims to ease restrictions completely by Sept 2022

Aims to ease restrictions completely by Sept 2022

  The dispute was based around the UAE's demand for a higher production limit next year, in return for backing an extension of OPEC's current agreement from April 2022 until December 2022. The cartel...

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