OPEC+ to ramp up oil output even higher in August with eye on market share

OPEC+ to ramp up oil output even higher in August with eye on market share

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Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August to 548,000 barrels per day. Analysts had expected the alliance to decide on another output increase of 411,000 bpd — the same target approved for May, June and…

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