OPEC+ sticks with planned oil production hike as supply concerns weigh on energy markets
- OPEC and non-OPEC partners, a group sometimes referred to as OPEC+, concluded a meeting via videoconference by deciding to stay the course with its production policy.
- It means the Middle East-dominated group will increase monthly overall production for the month of August to 648,000 barrels per day.
- OPEC+ said its next meeting would take place on August 3.
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