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The authors are analysts of Shinhan Investment Corp. They can be reached at hiroo79@shinhan.com and jinmyung.lee93@shinhan.com, respectively. -- Ed. OPEC+ fails to agree on output cut, Saudi Arabia announces output increase after April →Oil price drop Talks between OPEC members and non-OPEC producers, referred to as OPEC+, collapsed last Friday, unable to reach an agreement on even rolling over their existing deal on output restraint (2.1mn b/d).
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