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Energy and Environment

OPEC+ agrees to halt production hike in October as oil prices hit new lows for the year

By Callie Patteson
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OPEC+ agreed to pause its planned oil output hike for October and November as prices have dropped to their lowest in months.

The oil-producing bloc revealed on Thursday that eight member countries, including Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, have agreed to extending cuts.

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