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Thursday, 01 July 2021 20:22
OPEC+ could add 2 million barrels of oil to market later this year
Written by Nur Yasmin
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OPEC+ is moving towards adding around 2 million barrels per day (bpd) of oil to the market between August and December as it eases back on its output curbs, an OPEC+ source told Reuters.
The source said monthly increases would amount to less than 0.5 million bpd.
The first source and another OPEC+ source said Saudi Arabia and Russia, top producers in the OPEC+ alliance, have a preliminary agreement on a deal raising oil output from August. (Reuters)
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