OPEC+ to further speed up oil output hikes, sources say

4 hours ago Business NY Post - Business 1

OPEC+ will accelerate oil output hikes and could bring back to the market as much as 2.2 million barrels per day by November, five OPEC+ sources said as the group’s leader Saudi Arabia seeks to punish some fellow members for producing above quotas. OPEC+ shocked oil markets in April by agreeing to a bigger-than-expected output hike for May despite weak...

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