OPEC and its allies set to cut oil cuts and anticipate recovery in demand

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Saudi Arabian-led crude oil producer alliance pushes OPEC and its allies to increase oil production from August, group officials said as demand returned to normal after blockages related to coronaviruses.

Key members of the Organization of the Petroleum Exporting Countries and its Russian-led allies are scheduled to meet on Wednesday via web conference to discuss the group’s current and future production. In April, Saudi Arabia, the world’s largest oil exporter, led a surge that saw the producer at 23…

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