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"OPEC+ Agrees to Boost Oil Output, Threatening Russia’s Income Stream"
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"OPEC+, a cartel of oil-producing countries, has agreed to accelerate production for the second consecutive month, leading to a drop in oil prices. This move is seen as a punishment for Iraq and Kazakhstan, which have not fully complied with voluntary production cuts. The decision may also be intended to please President Trump, who has urged the Saudis to reduce energy prices. The move could have significant implications for Russia's economy, which is heavily dependent on oil revenues."
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"content": "nostr:nprofile1qyd8wumn8ghj7ctjw35kxmr9wvhxcctev4erxtnwv4mhxqpqu925uwtqmpa8c0jmtpz08zszg6c8kp7jxl0g5m9h7n9x5g3cr2asavz8ma\nhttps://media.breitbart.com/media/2025/05/GettyImages-1243751479-2-640x335.jpg\nOPEC+ has reportedly begun to \"unwind\" voluntary production cuts, reducing oil prices to punish recalcitrant members, and perhaps to please President Donald Trump. The post OPEC+ Agrees to Boost Oil Output, Threatening Russia’s Income Stream appeared first on Breitbart.\nhttps://www.breitbart.com/economy/2025/05/05/opec-agrees-to-boost-oil-output-threatening-russias-income-stream/",
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