Oil Prices Soar As Opec Confirms 648 000 Bpd Increase In Production
Oil prices recovered slightly on Tuesday morning, after OPEC + sealed the expected increase in production by 648,000 bpd. OPEC is scheduled to hold its next meeting on August 3rd. The production quota set two years ago is set to be completely reduced. The OPEC + meeting ended relatively quickly on Thursday, agreeing to boost production by 648,000 bpd in August, according to Amel Bakr, Intel’s chief energy correspondent at OPEC....