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Due to the unexpected postponement of the OPEC+meeting, which was originally scheduled to be held over the weekend, the oil market experienced a huge earthquake on Wednesday and international oil prices plummeted by 5%. The reason for the postponement of the OPEC+meeting is that African members are dissatisfied with their production quotas. The representatives revealed that they are fighting for more time as Nigeria and Angola are angered by the lower production quotas allocated to them by stronger member states.
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