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.
Tags Organization of the Petroleum Exporting Countries (OPEC) Reuters International News Agency
Check Also
IMF Praises UK’s Digital Infrastructure for AI Readiness
Amid a slew of warnings about slow growth and rising national debt, it was easy …