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Saturday 31 July 2021

OPEC July oil output hits 15-month high as demand recovers

OPEC July oil output hits 15-month high as demand recovers: OPEC and allies, known as OPEC+, have been unwinding record output cuts agreed in April 2020, as demand and the economy recover. With oil prices rising to a 2 1/2-year high, OPEC+ decided this month on further hikes from August.

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