OPEC+ Moves Meeting to Saturday as Group Weighs Another Hike

Key OPEC+ members brought forward to Saturday an online meeting where they’re set to consider a fourth bumper oil production increase, delegates said.

Saudi Arabia and its partners have been discussing another output hike of 411,000 barrels a day for August as their base-case scenario as they seek to recoup lost market share. The video-conference was moved one day earlier because of scheduling issues, said the officials, who asked not to be identified since the change isn’t yet public.