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21Feb 2025

Brazil Joins OPEC+, Strengthening Global Oil Market Influence

Why in the news? Brazil has officially joined OPEC+, a coalition of 22 oil-exporting nations, to enhance global oil market stability. This move boosts Brazil’s role in energy policies, impacting oil supply, pricing, and international market dynamics. Brazil’s Entry into OPEC+: Brazil’s government has approved its entry into OPEC+, an alliance of major oil-exporting nations. …

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