OPEC+ to further speed up oil output hikes, four sources say

  • Posted on May 4, 2025
  • By Business News Today
  • 1 Views
OPEC+ to further speed up oil output hikes, four sources say

OPEC plus is likely to increase oil production further. The group may reverse voluntary output cuts by October. This decision follows concerns about some members not meeting production quotas. Saudi Arabia aims to address non-compliance within the group. Another output increase is expected in July. Accelerated hikes are planned for August, September, and October.
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