Russia looms large behind OPEC+ output hike decision

Experts see country's role affecting group's bid to prevent sharp fall in prices

20220805 The logo of the Organization of the Petroleum Exporting Countries (OPEC)

The logo of the Organization of the Petroleum Exporting Countries (OPEC). OPEC+, which includes Russia and other producers, announced on Wednesday an output hike of 100,000 barrels a day to start next month. © Reuters

NESREEN BAKHEIT, Nikkei staff writer

DUBAI -- OPEC+ blamed capacity constraints for a meager oil output increase in response to pleas from U.S. President Joe Biden to open the taps wider, but experts are citing another reason for the stinginess: Russia.

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