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Bloomberg Quint

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Image Credit: Bloomberg Quint

OPEC+ Discussing Pause To Output Hikes After Next Increase

  • OPEC+ is considering a pause in production increases after its next monthly hike.
  • The group plans to complete the revival of a 2.2 million-barrel supply in September and another 550,000 barrels monthly.
  • Discussions are ongoing, and no firm decisions have been made yet. The halt in production could amount to around 1.66 million barrels per day.
  • This move to potentially pause production increases has affected crude futures, with Brent futures down 0.9%.

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