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Waning influence of OPEC+ in spotlight as prices flag
Waning influence of OPEC+ in spotlight as prices flag
Economy
by  AFP

Despite slashing oil production for months on end and announcing new cuts in late November, the Organization of the Petroleum Exporting Countries (OPEC) and its ten allies have struggled to boost flagging prices. Prices are sitting at their lowest level in nearly six months despite the cartel's announcement in November to further cut output.