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The Nexus
BUSINESSJul 5 · 10:17 UTCBLOOMBERGGrant Smith, Salma El Wardany, Fiona MacDonald

OPEC+ Ratifies Planned Oil Quota Hike as Gulf Flows Rebound

OPEC+ has approved an increase in oil production quotas as oil flows in the Gulf of Oman show signs of recovery. The decision aligns with the rebound in Gulf oil transportation activity.

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OPEC+organizationGulf of Omanplaceoil production quotastopic
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