OPEC+ set to make another accelerated oil output hike for August, sources say

Saudi Arabia leads OPEC+ push for more output increases - Bloomberg By Investing.com

Saudi Arabia leads OPEC+ push for more output increases

OPEC+ set to make another accelerated oil output hike for August, sources say

The world's largest group of oil producers, OPEC+, is set to make another big increase of 411,000 barrels per day for August as it looks to regain market share, four delegates from the group told Reuters.

OPEC+ Is Set to Weigh Another Super-Sized Oil Output Increase

OPEC+ is set to consider extending its run of super-sized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share.

OPEC set to weight another supersized output hike in July

Oil down on this

Oil Market Soars as OPEC+ Mulls August Production Hike

By Adedapo Adesanya The oil market marginally went up on Friday as it was reported that the Organisation of the Petroleum Exporting Countries and allies (OPEC+) was planning to hike production in August. The price of Brent crude closed at $67.77 a barrel after it gained 4 cents or 0.1 per cent and the US West Texas