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Oil Prices Dip On Report Of Another Potential OPEC+ Supply Boost – altnews.org
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Oil Prices Dip On Report Of Another Potential OPEC+ Supply Boost - Nemos News Network
OPEC+ is considering a third straight monthly output hike, departing from the norm of stabilizing oil markets. According to Bloomberg, the group of 12 major oil-exporting nations, including Saudi Arabia, UAE, and others, is considering a July increase of 411,000 barrels per day (bpd)—roughly triple the previously planned amount. This would mirror supply increases in May and June. Such an increase in July could lead to a breakdown in Brent crude’…
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