OPEC+ to Boost Oil Output in August, Seeing Demand Recovery
- Saudi, Russian energy ministers both support tapering of cuts
- Supply hike tempered by compensation cuts from some members
This article is for subscribers only.
Follow us @middleeast for more news on the region.
OPEC and its allies will restore some oil supplies next month, but the impact will be “barely felt” as demand recovers from the coronavirus crisis, said Saudi Arabia’s Energy Minister.