o: VCGEight members of OPEC+ have agreed to increase their oil output quotas by 206,000 barrels per day (bpd) for May, in an apparent bid to help stabilize surging global oil prices due to the US-Isra
eli war with Iran. However, Chinese analysts said that despite its positive signal, the move's impact will likely remain nominal if the conflict continues to shut down the Strait of Hormuz.
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