OPEC+ to Boost Oil Output After Saudi-UAE Compromise Deal
- Group to add 400,000 barrels a day each month from August
- UAE and others given higher production quotas from May 2022
An Aramco oil processing facility at the Abqaiq oil field.
Photographer: Stanislav Krasilnikov/Tass/Getty Images
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OPEC and its allies agreed to gradually add more oil supplies to the market, ending a two-week spat between Saudi Arabia and the United Arab Emirates.