OPEC Oil Output Rises in June on Saudi and UAE Hikes, Reuters Survey Finds
8 Articles
8 Articles
The Organization of the Petroleum Exporting Countries (OPEC Plus) could increase oil production for August as early as its meeting on Saturday, sources familiar with the situation said today.
World oil prices fell slightly as they 'waited' for the results of the meeting of the Organization of the Petroleum Exporting Countries and its allies (OPEC+) scheduled to be postponed to today (July 5) with the decision to increase production in the coming months. However, by the end of the week, the prices of both benchmark oil types increased.
OPEC+ countries may increase oil production by 500 thousand barrels daily already in August. This may cause prices on the market to collapse. This is reported by RBC-Ukraine with reference to Bloomberg. OPEC+ member countries are considering the possibility of further accelerating the recovery of oil production volumes. This was reported by delegates before the virtual meeting of the alliance, which is scheduled to take place on Saturday. Saudi …
Direct: Oil prices declined on world markets when settling...
The exporter organisation is close to announcing an accelerated increase in crude oil supply in August.
The main OPEC+ members advanced to Saturday an online meeting at which they are expected to consider a fourth extraordinary increase in oil production, according to delegates. Read more
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