OPEC+ Is Set to Weigh Another Super-Sized Oil Output Boost

OPEC+ is set to consider extending its run of super-sized production increases at a meeting next month, as group leader Saudi Arabia leads a push to recoup market share.

Eight key OPEC+ nations have agreed on bumper 411,000 barrel-a-day increases in each of the previous three months. Several delegates, who asked not to be identified, said their countries are ready to consider the same hike again for August when they convene on July 6.