OPEC+ Considers Another Big Oil Production Hike in July ...Middle East

The OPEC+ alliance is discussing the idea to make another big production increase in oil production for July, delegates from the group told Bloomberg News on Thursday.  OPEC+ has already announced two consecutive production increases for May and June, each of 411,000 barrels per day (bpd), triple the volume the group had previously planned. Another 411,000-bpd output hike is among the options which the OPEC+ member countries that have been withholding output are discussing for the July production, according to Bloomberg’s sources. OPEC+…

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