OPEC+ could add 2 million barrels of oil to market later this year – Reuters

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Gulf
  • Date: 01-Jul-2021
  • Source: Reuters
  • Sector: Oil & Gas
  • Country: Gulf
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OPEC+ could add 2 million barrels of oil to market later this year – Reuters

LONDON, July 1 (Reuters) - OPEC+ is moving towards adding around 2 million barrels per day (bpd) of oil to the market between August and December as it eases back on its output curbs, an OPEC+ source told Reuters.

The source said monthly increases would amount to less than 0.5 million bpd.

The first source and another OPEC+ source said Saudi Arabia and Russia, top producers in the OPEC+ alliance, have a preliminary agreement on a deal raising oil output from August.

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