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‎OPEC+ approves another oil production surge in June

‎OPEC+ approves another oil production surge in June

OPEC+ approved today, May 3, another output surge in June, Bloomberg reported.

Key nations led by Saudi Arabia and Russia agreed to add 411,000 barrels per day (pbd) next month, the delegates said.

The hike mirrors a similar increase announced last month, when the group made the shock decision to bring back triple the planned volume for May…

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‎OPEC+ to increase oil output by 411,000 barrels in June

‎OPEC+ to increase oil output by 411,000 barrels in June