OPEC agrees to produce slightly more oil as recession fears loom
CNN
The world's oil-exporting countries have agreed to a tiny increase in output next month amid fears that a global recession will crimp demand.
The Organization of the Oil Exporting Countries and its allies — which includes Russia — also known as OPEC+, said on Wednesday that it would produce an additional 100,000 barrels a day in September.
This was the first OPEC meeting since US President Joe Biden visited Saudi Arabia last month. Biden urged the country — which is the group's biggest oil producer — to start pumping more.
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