Author: Energy Crossroad (Energy Crossroad)

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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

By Alex Lawler, Maha El Dahan, Olesya Astakhova and Ahmad Ghaddar LONDON, July 5 (Reuters) – OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped – and then retreated – following Israeli and U.S. attacks on Iran. The group, which pumps about half...