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OPEC+ Reportedly Discussing Further Output Hike by 411,000 bpd in Jul
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OPEC+ member countries are discussing whether to agree on another sharp output hike at the meeting on June 1, Bloomberg, citing sources, reported. An increase of 411,000 bpd in July is one of the options under discussion, but no final agreement has been nailed yet, the report, quoting relevant representatives, indicated. OPEC+ will accelerate production hike and may reintegrate up to 2.2 million bpd into the market by November, including an accelerated increase in July, according to earlier Reuters report. AASTOCKS Financial News Website: www.aastocks.com |
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