OPEC+ panel keeps policy unchanged against backdrop of stronger oil market

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DUBAI/LONDON: The ministerial panel of the Group of the Petroleum Exporting Nations and its allies, often known as OPEC+  which met on Friday made no adjustments to the group’s present oil output coverage after a Saudi resolution to increase its voluntary manufacturing reduce into September helped oil costs rally additional, in accordance with Reuters.

The panel, referred to as the Joint Ministerial Monitoring Committee, can name for a full assembly of OPEC+ if warranted.

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