CAIRO/TOKYO -- With Wednesday's decision to cut oil production by 2 million barrels a day, OPEC+ nations aim to keep crude prices from sliding below $80 a barrel, the minimum needed to spare them fiscal trouble.
Commodities
Line in the sand: OPEC+ defends $80 oil price floor with output cut
Anticipated drop in demand puts budgets at risk for Saudi Arabia and UAE
Many OPEC members rely heavily on revenue from oil exports. © Reuters
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