OPEC+ will stick to plan on August production increases, makes no decisions beyond

  • OPEC+ sources report from Reuters
  • OPEC+ to hold next meeting on August 3
  • No decisions made on policy beyond August
  • OPEC+ meeting over

There won't be any surprises this month but there's plenty of uncertainty about production levels beyond August and once the deal expires at year end. It's safe to assume that at some point everyone will be pumping flat-out, if they're not already.

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