OPEC+ may boost oil production to ease global supply deficit ...News

Russia Today - Economy
OPEC+ may boost oil production to ease global supply deficit
source : Russia Today ( News ) () 35
The Organization of the Petroleum Exporting Countries (OPEC) and its allies will reportedly discuss increasing oil output to meet rising global demand during their upcoming meeting, scheduled for next week. Russia is expected to propose that OPEC+ should take steps to reduce a global supply deficit, officials close to the issue told Bloomberg. Other members of the group are reportedly discussing a potential supply hike in August. The OPEC+ group has been curbing output to bolster global prices for oil, after the pandemic dragged down demand in 2020. Last month, members of the oil alliance led by Russia and Saudi Arabia maintained stron

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