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OPEC+ will keep oil production unchanged to avoid oversupply amid weak demand and strong non-OPEC output.
OPEC+ is set to maintain its current oil production freeze in its upcoming virtual meeting, avoiding any output increases as weak global demand and strong non-OPEC supply keep prices under pressure.
The group’s continued restraint reflects concerns over market oversupply and a focus on stability amid economic challenges and shifting energy trends, with no major changes expected to production levels in the near term.
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La OPEP+ mantendrá la producción de petróleo sin cambios para evitar el exceso de oferta en medio de una demanda débil y una producción fuerte fuera de la OPEP.