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...Opec+ now controls barely half of global oil production as demand growth slows “drastically” and US output reaches new highs, the west’s energy watchdog said on Thursday....
...As a result, Saudi Aramco is currently producing about 9mn b/d, down from an average of 10.2mn b/d in the first three months of 2022....
...That is in line with current market expectations given that a default at Kemble earlier this month sent the price of a second-ranking “Class B” bond plunging to little over half of its face value....
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