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Economy - May 26, 2025

OPEC+ expected to open taps more despite price slump

OPEC+ expected to open taps more despite price slump

OPEC+ may increase oil production despite low prices. This follows pressure from US President Donald Trump. Saudi Arabia aims to penalize quota violators. The 'V8' nations might raise output significantly. This could further depress prices. Internal disagreements and Trump's influence are key factors. A potential Iran nuclear deal could also impact the market.

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