The OPEC+ group is expected to confirm next week its May-July plan to ease the oil production cuts by the planned 840,000 barrels per day (bpd) in July, OPEC+ delegates and two dozen analysts told Bloomberg News on Thursday.
The ministers of the OPEC+ group are meeting on Tuesday, June 1, and at present, no surprises are expected, despite this year’s track record of decisions surprising the market to both the bullish and bearish sides.
The collective OPEC+ oil production is set to rise by 350,000 bpd in both May and June and by more than 400,000 bpd in July. Additionally,…
