The energy alliance has opted against further output cuts amid Western sanctions on Russia The OPEC+ alliance of major oil-producing nations, led by Russia and Saudi Arabia, has decided to maintain output at current levels, according to a statement published on its website. Analysts say the group is putting its production plans on hold while it assesses the impact of the latest Western sanctions on Moscow. The EU embargo on Russian seaborne crude and the price cap on it, agreed last week by the EU, G7 countries, and Australia, both came into effect on December 5. The latter measure sets a maximum price at which Ru
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