CATEGORY Commodities

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OPEC+ output up after two months of declines, but quota shortfall grows: Platts survey

Crude oil production from OPEC and its Russia-led allies rebounded modestly in May from a steep drop in April but remains well short of its collective quotas, according to the latest Platts survey by S&P Global Commodity insights, highlighting the group’s continuing struggles with sanctions and unplanned outages. OPEC’s 13 members pumped 28.62 million b/d…