OPEC+ to make first post-UAE production decision

Seven members of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, are convening on Sunday to determine new oil production quotas. This meeting marks the first decision-making session since the United Arab Emirates announced its withdrawal from the cartel on April 28, a move that has contributed to rising oil prices amid ongoing tensions in the Middle East. The outcome of this meeting is anticipated to have significant implications for global oil supply and pricing dynamics.

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