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Reuters first to report OPEC+ agrees to oil output increase from February; market reacts

EnergyEnvironment

Reuters was first to report on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its allies, led by Russia, opted to stick with the existing policy of gradually adding 400,000 barrels of oil per month to global supply. Oil prices rose one percent after the first OPEC+ meeting of 2022, with producers basing their decision on indications that the Omicron coronavirus variant would have a short-lived impact on demand.

Market Impact

Oil prices rose one percent after the first OPEC+ meeting of 2022.

Article Tags

Topics of Interest: EnergyEnvironment

Type: Reuters Best

Sectors: Commodities & Energy

Regions: Global

Win Types: Exclusivity

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Major Global Story

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