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OPEC+ Reschedules Meeting to Saturday to Consider Further Production Boost
1 week ago /
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Author：小编
Key OPEC+ member nations have decided to bring forward their online meeting to discuss a proposed increase in oil production by 411,000 barrels per day in August. This marks the fourth significant production hike aimed at reclaiming market share. Despite the sluggish global demand for oil and heightened concerns over potential oversupply, OPEC+ has opted to expedite the resumption of previously halted production. This decision has sparked market turbulence and exerted downward pressure on crude oil prices.
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