OPEC+ will likely approve another output increase of around 550,000 bps for September ...Middle East

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September hike will complete the return of 2.17mln bpd in voluntary output cuts.September hike will also accomodate 300,000 bpd production quota rise for UAE.

This was very much expected, so the impact on oil prices is negligible.

This article was written by Giuseppe Dellamotta at www.forexlive.com.

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