OPEC+ Likely to Speed Up Oil Output Increase Amid Market Fluctuations
Originally Published 6 months ago — by Reuters
OPEC+ is considering further increasing oil output for August, potentially exceeding the 411,000 barrels per day hikes made in previous months, as the group aims to expand market share amid rising supplies from other producers like the US. The decision will be made at a meeting on Saturday involving key members such as Saudi Arabia, Russia, and the UAE.