OPEC+ will stick to August production boost plan, make no decision beyond

  • OPEC+ will hold its next meeting on August 3
  • No decision made on policy beyond August
  • OPEC+ meeting over

There won’t be any surprises this month, but there’s a lot of uncertainty about production levels beyond August and once the deal expires at the end of the year. It’s safe to assume that at some point everyone will be pumping hard, if they aren’t already.

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