OPEC+ set to agree July oil output hike this week, sources say – Middle East Monitor

OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share.

When the 22-member group meets tomorrow to review the market, it is not expected to change policy, the sources said.

But they said they expected an output hike to be agreed for July when the eight OPEC+ members meet on Saturday.

OPEC+, which includes the…