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OPEC and OPEC+
The oil exporters that try to steer the price.
The basics
OPEC is a group of major oil-exporting countries, led by Saudi Arabia, that coordinates how much oil its members produce. OPEC+ adds Russia and other producers, and its output decisions move oil prices.
Why it matters from India
India buys most of its oil abroad, so OPEC+ production choices feed straight into Indian fuel and import costs.
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