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7 OPEC+ Keep Output Flat
Seven OPEC+ countries have agreed in principle to keep oil production targets unchanged in December 2026, with production levels to be discussed at their meeting on Sunday. The countries are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, which also left output unchanged in November. The move is part of efforts to manage supply and balance the market, while other cuts of around 2 million barrels per day remain in place through the end of 2026.
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