OPEC

OPEC’s Lackluster Quota Hike Won’t Solve Oil Market Tightness | OilPrice.com

Yesterday, OPEC and its partners led by Russia agreed to increase their combined oil production by 100,000 bpd in September. Reports note that the decision follows calls from the US and other big consumers for more oil. However, 100,000 additional barrels daily will probably not be enough to lower prices much further. The production increase …

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