Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August
OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for August, continuing their strategy of gradually raising output. Despite potential shortfalls due to non-compliance from some nations, analysts anticipate minimal price impact.
OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for August, continuing their strategy of gradually raising output. Despite potential shortfalls due to non-compliance from some nations, analysts anticipate minimal price impact. What's Your Reaction?
