OPEC+ could add 2 million barrels of oil to market later this year

1 minute read
Register now for FREE unlimited access to Reuters.com

LONDON, July 1 (Reuters) - OPEC+ is moving towards adding around 2 million barrels per day (bpd) of oil to the market between August and December as it eases back on its output curbs, an OPEC+ source told Reuters.

The source said monthly increases would amount to less than 0.5 million bpd.

The first source and another OPEC+ source said Saudi Arabia and Russia, top producers in the OPEC+ alliance, have a preliminary agreement on a deal raising oil output from August.

Register now for FREE unlimited access to Reuters.com
Reporting by OPEC team; Writing by Dmitry Zhdannikov; Editing by Edmund Blair

Our Standards: The Thomson Reuters Trust Principles.