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What’s next for oil as OPEC+ and Trump shake the market?

7d ago
World
Al Jazeera
International affairs
The global oil market is facing volatility as OPEC+ increases production and former US President Donald Trump proposes tariffs targeting buyers of Russian crude. OPEC+'s decision to open oil taps aims to stabilize prices, but could also lead to a supply glut. Simultaneously, Trump's tariff proposals introduce uncertainty by potentially disrupting Russian oil exports. These developments create a complex landscape for the oil industry, impacting prices, trade flows, and geopolitical dynamics. Analysts are closely monitoring the situation to assess the long-term consequences of these actions.
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