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world The Hindu 2026-05-03

OPEC+ Raises Oil Quotas Amid Production Shortfalls

OPEC+ recently increased oil production quotas, but the decision did not address the UAE's potential pull-out. Experts suggest this quota hike may have limited impact on actual production, as current output is already below the newly set limits.


But raising the quota on paper may not have much impact on actual production, which is already short of the limit

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