OPEC+ Considers Accelerating Oil Production More Than Expected: Report

OPEC+ to Further Accelerate Supply Boost With Larger August Hike

(Bloomberg) — OPEC+ will increase production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.

OPEC+ Set to Further Speed up Output Hikes, Sources Say

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

OPEC+ will likely agree to further accelerate oil output increases on Saturday at its first meeting since oil prices jumped, and then retreated, following Israeli and U.S. attacks on Iran.

Opec+ considers raising oil output by 550,000 bpd in August, sources say

Opec+ will consider raising oil output by around 550,000 barrels per day in August at its meeting on Saturday, up from the monthly increases of 411,000 bpd it approved for May, June and July, two...

OPEC+ considers accelerating oil production more than expected

Since April, OPEC and its partners have pivoted from years of output restraint to reopening the taps, surprising crude traders and raising questions about the group’s long-term strategy.

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.