OPEC+ is a larger group that includes OPEC members plus other oil-producing countries. These extra countries include major producers like Russia. The group was formed around 2016 to increase cooperation in the global oil market. While OPEC alone is powerful, OPEC+ has even more influence because it includes more producers. They work together to set production targets and stabilize prices. This broader cooperation helps manage supply on a global scale. In simple terms, OPEC+ is an expanded version of OPEC with more players involved.
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