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Xinhua world news summary at 1530 GMT, Dec. 4

VIENNA — The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, on Sunday agreed to stick to its oil output target against the backdrop of sliding crude prices and an imminent Western countries’ price cap on Russian oil.

According to a statement released after the 34th OPEC+ ministerial meeting, the oil-producer alliance decided to reaffirm the decision of its previ