OPEC+ Unlikely To Boost Oil Production More Than Planned ...Middle East

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OPEC+ Unlikely To Boost Oil Production More Than Planned
source : OILPRICE ( Middle East ) () 34
The OPEC+ group is expected to rubberstamp next week its moderate monthly increases in oil production when it decides output levels for July, six sources at OPEC+ told Reuters on Thursday. OPEC+, led by Saudi Arabia and Russia, has not changed course since it decided last year to gradually return supply to the market, and raise production by around 400,000 barrels per day (bpd) every month until it unwinds all the 10 million bpd cuts announced in April 2020 at the peak COVID lockdowns globally.   The alliance has been sticking to modest production…

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