OPEC+ meeting has been moved to Saturday 5th of July due to Ashura holiday

  • The expectations are for another 411,000 bpd output hike

Reuters reports that the OPEC+ meeting has been moved to Saturday 5th of July due to Ashura holiday. The group has been steadily adding back oil output since April and it's expected to deliver another 411,000 output hike for August.

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