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"OPEC+ is wary of a renewed rise in US oil output when Donald Trump returns to the White House, as more US oil would further erode OPEC+ market share and hamper their efforts to support prices. OPEC+ has a history of underestimating US output gains, and some delegates are more bullish now on US oil due to Trump's transition team's plans to deregulate the energy sector. A further rise in US output would hinder OPEC+'s plans to start raising output from April 2025 without risking a drop in prices."
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