Saudis Warn of More Supply Unless OPEC+ Cheats Fall in Line
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OPEC+ leader Saudi Arabia warned the group’s overproducing members it could amplify a historic shift in policy and deliver further production increases unless they fall in line, delegates said.
Riyadh steered the Organization of the Petroleum Exporting Countries on Saturday to agree on a surge of 411,000 barrels a day in June, the second month in a row, in a bid to punish quota cheats like Kazakhstan and Iraq.