OPEC+ Extends Output Hikes After Ukraine Hits Russian Refineries

OPEC+ will likely approve at least a 137,000-barrel-per-day increase in November at its October 5 online meeting, with sources citing Ukrainian attacks on Russia’s oil infrastructure that helped lift prices above $70. Since reversing its cut strategy in April, the group has already raised quotas by more than 2.5 million bpd (about 2.4% of world … Continue reading OPEC+ Extends Output Hikes After Ukraine Hits Russian Refineries