OPEC+ announces 50 percent increase in oil output for July and August

OPEC+ agrees to boost oil output

OPEC+ decided on Thursday to open taps wider than expected amid soaring prices and an EU ban on Russian crude imports.

OPEC Agrees with Russia and Other Partners to Accelerate Global Production

Producer countries are thus trying to contain the escalation in fuel prices, which is dragging towards inflation that reaches levels close to that of the first oil crisis in the 1970s.

Oil Little Changed After OPEC+ Agrees To Boost Output

Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production.

Oil production will increase 50%. Do fuels go down?

Analysis of the OPEC decision in this newspaper, which opens with the theme of euthanasia: the parties are preparing for a new clash with Marcelo Rebelo de Sousa. Putin underwent treatment for advanced cancer.

OPEC to increase oil production in summer

The organization yields to pressures from countries like the US to pump more oil and thus lower prices

OPEC+ alliance boosts oil production as energy prices soar

LONDON — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices.The cost of oil, which began to rise sharply to start of the year, spiked after Russia’s Feb. 24 invasion of Ukraine. U.S. crude prices are now up 54% since the beginning of the year, and international crude prices are up …