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Extra funds mean majors can now in theory increase exploration without cutting shareholder returns
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Abu Dhabi's surprise decision to leave the oil cartel raises doubts over its future
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French oil major doubles buybacks and increases dividend as it offsets production losses in the Middle East
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Oil slips as market digests UAE exit from OPEC, supply concerns linger ReutersLive updates: UAE to quit OPEC in blow to oil cartel as Iran war chokes energy sector CNNEuropean stocks to open lower as UAE OPEC exit complicates oil supply outlook CNBCUAE Says It Will Leave OPEC as Iran War Strains Oil Markets The New York Times
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Brent crude futures for June delivery climbed to above $111 a barrel as the endpoint of the U.S.-Iran conflict remains unclear.
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The group of oil-producing countries supplied more than 25 percent of the world's oil before the war in Iran. Its members have influenced energy markets through the years.
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