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Reuters: OPEC+ Agrees to Stick to Existing Plan to Raise Oil Output

OPEC+ has agreed to stick to its existing output plan which entails 400K barrel per day hikes to oil output quotas each month in April, Reuters reported citing sources. The meeting of OPEC+ member nation oil ministers has now ended, Reuters reported. OPEC+ did not discuss increasing output quotas at a faster pace, Energy Intel reported.

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