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flag OPEC+ cuts oil production further to stabilize prices, facing challenges in maintaining market share.

flag OPEC+ is grappling with maintaining oil market stability while protecting its market share. flag The group has been cutting production by 5.85 million barrels per day since 2022 but faces uncertainties due to weak demand and rising global crude output. flag OPEC+ agreed to reduce output further by 1.8 million barrels per day, helping oil prices rise by 10% to over $53 a barrel. flag However, delays in unwinding production cuts may erode the group's credibility and market share.

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