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S04 Ep05 Energy Market Update: OPEC+ moves ahead with additional output increase

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OPEC+ members agreed over the weekend to proceed with a modest production increase of around 137 kb/d for November, continuing the phased unwinding of last year’s voluntary cuts. While largely in line with market expectations, the decision is expected to have limited impact on overall supply given existing overproduction among several members.

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6 Oct English South Africa Business

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