OPEC considers an extra large rise in oil production to offset Russia
OPEC’s Joint Ministerial Monitoring Committee recommends an increase in production of 648,000 barrels per day, more than initially agreed, according to tweets from Amena Bakr, OPEC’s chief correspondent for Energy Intelligence. The proposed production increase of 648,000 bpd would be for July and another increase of 648,000 bpd in August. All members of the JMMC …
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