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OPEC+ is considering postponing an increase in production, according to reports.
The Organization of the Petroleum Exporting Countries (OPEC) and major oil-producing countries outside of the organization, known as "OPEC Plus," are considering postponing their production increase plans. Bloomberg reported this from sources within the delegation who spoke anonymously. However, no decision has been made yet, and opinions are divided on how to proceed. OPEC Plus has postponed production increase plans multiple times to support crude oil prices but plans to gradually reduce voluntary production cuts starting in April.
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