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S04 Ep09 Energy Market Update: OPEC+ pauses output increases after modest supply adjustments

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Several OPEC+ members agreed over the weekend to unwind a small portion of their additional voluntary cuts in December, while signalling a pause in further output increases until the end of March next year. The move, largely in line with expectations, suggests the group is prioritising market stability after recent price weakness, leaving oil prices modestly firmer around $65/b this morning.

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3 Nov English South Africa Business

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