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Year: 2022

White House launches last ditch effort to dissuade OPEC from cutting oil production to avoid a ‘total disaster’

CNN By Alex Marquardt, Natasha Bertrand and Phil Mattingly, CNN The Biden administration has launched a full-scale pressure campaign in a last-ditch effort to dissuade Middle Eastern allies from dramatically cutting oil production, according to multiple sources familiar with the matter. The push comes ahead of Wednesday’s crucial meeting of OPEC+, the international cartel of

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