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The Saudi-led OPEC oil cartel and allied producing countries, including Russia, are expected to decide how much oil to supply to the global economy amid weakening demand in China and uncertainty about the impact of new Western sanctions against Russia that could take significant amounts of oil off the market.
Summary automatically generated by NewSUM A.I. from the following sources:
- OPEC+ oil producers face uncertainty over Russian sanctions (washington times)
- Live: OPEC+ agrees to maintain current output levels amid uncertainty (france24.com)