Bunmi AdulojuThe Organisation of Petroleum Exporting Countries and its allies known as OPEC+ have agreed to ramp up global oil supply, yielding to western pressures to pump more oil.
The group decided to add 648,000 bpd of oil to the market in July and August – up by 216,000 bpd – from 432,000 bpd in recent months.nudged the alliance to exempt Russia from its oil output targets, paving way for major oil producers like Saudi Arabia and the United Arab Emirates to pump more oil.
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