What is OPEC+ and how is it different from OPEC?

What is OPEC+ and how is it different from OPEC?
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09.05.2023

The Organization of the Petroleum Exporting Countries, also known as OPEC, was formed in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela. The organization has since expanded to 13 members. OPEC regularly meets to set oil production targets and coordinate output to help manage global oil prices for the entire group.

Full article at eia.gov

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