OPEC+ Could Consider Super-Hike in July Oil Production ...Middle East

This weekend, OPEC+ may debate boosting oil production in July by more than the 411,000-bpd monthly hikes it has announced for May and June, sources with knowledge of the discussions at the production group told Reuters on Friday. For two months now, OPEC+ has been pursuing a policy to unwind the production cuts by monthly volumes triple that of the original plans, and the eight countries doing the cuts have decided to boost May and June oil production by 411,000 barrels per day in each of the two months. The new OPEC+ strategy – largely…

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