OPEC+ to raise production quotas by 137,000 barrels per day in November

Saudi Arabia, Russia, and six other members of OPEC+ have announced plans to increase production quotas by 137,000 barrels per day starting in November. This decision reflects the group"s ongoing efforts to adjust oil production levels in response to market conditions.

The announcement comes amid a backdrop of fluctuating oil prices and varying demand across global markets. OPEC+, which includes both OPEC members and non-OPEC oil-producing countries, has been closely monitoring production levels to maintain stability in the oil market.

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