OPEC+ Clinches Compromise on Gradual Easing of Output Cuts
- Deal comes after days of tense talks that exposed new rifts
- Some members saw a fragile market, others wanted to open taps
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OPEC+ agreed to ease oil-output cuts next year after almost a week of fraught negotiations that exposed a new rift at the heart of the cartel.
The group will add 500,000 barrels a day of production to the market in January, and ministers will then hold monthly consultations to decide on the next steps.