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Report: OPEC+ Mulls Another Major Boost in Oil Output
1 week ago /
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Author：小编
OPEC+ intends to explore the possibility of extending substantial production hikes at its forthcoming meeting next month, with Saudi Arabia spearheading efforts to reclaim market share. Eight key member nations have concurred to ramp up production by 411,000 barrels per day for three consecutive months and will deliberate on additional output increases in August during the July 6th gathering. Amidst weak demand and adequate supply conditions, OPEC+ is expediting its production recovery, which has led to oil prices plummeting to a four-year low.
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