Top oil producers agree on another modest supply boost

Top oil producers agree on another modest supply boost
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Thursday 5 May 2022 - 23:50

Saudi Arabia, Russia and other key oil producers agreed on Thursday to another marginal increase in output, bolstered by risks to demand amid coronavirus restrictions in China.

OPEC+ members reconfirm “the decision to adjust upward the monthly overall production by 0.432 mb/d for the month of June 2022,” the group said in a press release.

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