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OPEC ready to offset any shortage in the oil market after US sanctions on Russia

ReutersOct 23, 2025 1:29 PM

- OPEC is ready to offset any shortage in the oil market by rolling back its output cuts, as signs show demand is shifting to the Gulf and Middle East after the United States hit Russian oil majors with fresh sanctions, Kuwait's oil minister Tariq Al-Roumi told reporters on Thursday.

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