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OPEC+ Expected to Keep Production Steady: Reuters

OIL

OPEC+ delegates expect an advisory committee to keep oil production levels unchanged when they meet next week according to Reuters reports.

  • Saudi Arabia and its partners will hold a review of output levels on Feb. 1 after agreeing cuts late last year.
  • OPEC+ is awaiting the full impact of sanctions on Russia to assess what to do with production levels while China re-opening its economy remans the other key factor for global oil demand.

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