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LBCI Lebanon
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OPEC+ to raise output by 188,000 barrels
The OPEC+ alliance has reached a preliminary agreement to increase oil production targets by 188,000 barrels per day starting from September, with the increase to be suspended during the last quarter of the year. This decision aims to regulate energy flows and reduce dependence on the Strait of Hormuz, in an effort to safeguard global oil market stability.
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