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Oil Price Drop Casts Doubt on OPEC's Great Unwind

·1 min

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The recent drop in oil prices is raising doubts about OPEC+’s next move. The OPEC cartel and its allies had plans to increase oil supply starting in October, beginning with 180,000 barrels per day and gradually ramping up. However, there are discussions among members of the producers’ alliance about the possibility of delaying the increase.