Home / Market Update / Commodities / OPEC+ agrees to raise output by 648K BPD in July and again in August
OPEC

OPEC+ agrees to raise output by 648K BPD in July and again in August

Oil ministers from OPEC+ nations agreed on Thursday to lift output by 648K barrels per day (BPD) in both July and August, according to sources speaking to Reuters, in line with the recommendation made by the group’s Joint Ministerial Monitoring Committee earlier in the day. With Thursday’s meeting having now ended, the next meeting has been penciled in for 30 June.

Check Also

US Session- Market Drivers: US Dollar Dips as Shutdown Fears and Rate Cut Buzz Take Hold

The US Dollar faced a turbulent start to the week, sliding to three-day lows near …