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Baku Eyes New Growth Channels As Oil Market Volatility Rises
(MENAFN- AzerNews)
OPEC+, which collectively produces about half of the world's oil, has adopted a cautious posture. Member states have kept in place roughly 3.24 million barrels per day (bpd) of output cuts about 3% of global demand. These include a core 2 million bpd reduction active until the end of 2026 and an additional 1.24 million bpd of voluntary cuts.
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