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OPEC+

OPEC+ agrees to boost oil production. But probably not enough to lower prices.

by Justin Ho
Aug 3, 2022
The small increase of 100,00 barrels a day may be a sign that the cartel thinks a recession is coming.
By pledging to increase output by just 100,000 barrels a day, OPEC could be implying that it expects demand for oil to fall. Above, OPEC's headquarters in Vienna.
Joe Klamar/AFP via Getty Images
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Why OPEC might decide to take a break from its alliance with Russia

by Andy Uhler
Jun 1, 2022
Russia is the world's third-largest oil producer — such a decision won't be made lightly.
The relationship between Russia and the Organization of the Petroleum Exporting Countries has always been contentious.
Joe Klamar/AFP via Getty Images
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Why OPEC Plus isn't likely to increase oil supply

by Kai Ryssdal and Andie Corban
Mar 30, 2022
Spare capacity has been overstated, says oil analyst Abhi Rajendran. Then there's the matter of isolating Russia.
OPEC Plus nations are together responsible for 40% of the world's oil supply.
Jakub Sukup/AFP via Getty Images
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