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OPEC+ pressures Iraq, UAE to further cut oil production

Saudi Arabia and other OPEC members held a virtual meeting with Russia and other allied oil producers today to discuss the continuing low price of oil amid the COVID-19 pandemic.

Major oil producers today pressured other countries to abide by agreed-upon supply cuts as part of continuing efforts to cope with the global energy market downturn.

The Organization of the Petroleum Exporting Countries (OPEC) met with Russia and other allied oil producers in an online forum today in their combined capacity as OPEC+.

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