US News

OPEC+ meets to agree oil supply boost as prices rise

Published by

MOSCOW/DUBAI/LONDON (Reuters) – OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies like Russia, had earlier this month failed to resolve disagreement over a new output policy between Saudi Arabia and the United Arab Emirates (UAE). OPEC+ last year agreed record output cuts of almost 10 million barrels per day (bpd) to cope with a pandemic-induced slump in demand, curbs which have been gradually relaxed since then t…

Read More

Facebook Comments

Check Also

Not Your Mother’s Inflation – Crescat Capital

Crescat Capital’s commentary for the month of July ...