The EU's looming restrictive measures against Russian supply may force the energy alliance to slash production further The Organization of the Petroleum Exporting Countries and its allies (OPEC+) could impose deeper cuts in oil output this week as the organization weighs the impact of the looming EU sanctions on Russian crude, CNBC reported Friday, citing analysts. The group of oil-producing nations, led by Saudi Arabia and Russia, is expected to meet on Sunday to decide on the next phase of their production policy. The meeting will be held a day before the European Union’s latest anti-Moscow sanctions kick in. Th
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