OPEC+ may further accelerate oil output hikes on Saturday: Reuters

Eight OPEC+ alliance members move toward output hike at meeting

Saudi Arabia, Russia and six other key members of the OPEC+ alliance will discuss crude production on Saturday, with analysts expecting the latest in a series of output hikes for August.

OPEC+ Considers Accelerating Oil Production More Than Expected

OPEC+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday, delegates said.

OPEC+ may further accelerate oil output hikes on Saturday, sources say

LONDON :OPEC+ may make an increase in oil output for August at its meeting on Saturday that is larger than the 411,000 barrels per day (bpd) hikes it made for May, June and July, three sources familiar with OPEC+ talks told Reuters.Eight members of the group - Saudi Arabia, Russia, the UAE, Kuwait, Oman, Iraq

Opec+ considers adding more than 411,000 barrels on Saturday

Opec+ is considering accelerating its oil production revival even more rapidly than expected during a virtual meeting on Saturday (Jul 5), delegates said.

Opec+ may further accelerate oil output hikes on Saturday

August’s oil production rise might surpass the 411,000 bpd hikes of the previous three months.

OPEC Moves Meeting to Saturday as Group Weighs Another Hike

The Organization of the Petroleum Exporting Countries has roiled markets in recent months by speeding up the return of halted output.