OPEC+ to cut oil output, signaling clear break with U.S.

Move meant to lift prices and shore up oil producing nations' finances

20230403N oil field

Iraq plans to lower oil output by 211,000 barrels per day alongside coordinated cuts by other producers. © Reuters

TAKESHI KUMON and MISA HAMA, Nikkei staff writers

CAIRO/TOKYO -- The surprise announcement of voluntary production cuts by several OPEC+ members underscores Washington's weakening presence in the Middle East and a deepening division between the two sides.

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