OPEC+ hikes output quicker than predicted, as Russia’s war roils global oil markets
Oil-producing allies decided to increase output by a larger-than-expected amount in July and August. In both July and August, OPEC+ will boost output by 648,000 barrels per day. The group has gradually returned the approximately 10 million barrels per day it promised to withdraw from the market in April 2020. OPEC and its oil-producing partners … Read more
