Reported about 11 hours ago
OPEC+ has announced an increase in oil production by 548,000 barrels per day for August, aiming to lower gas prices amidst a stable global economic outlook and low inventories. The decision was made during a virtual meeting involving key members, including Saudi Arabia and Russia, in response to recent fluctuations in oil prices caused by geopolitical tensions. This increase is part of a broader plan to raise production gradually over the next 18 months.
Source: YAHOO