Why OPEC+ Is Pumping Immediate and Enjoying Hardball

OPEC+ blindsided oil market participants, again, with a increased-than-anticipated oil production hike for August.   As an different of the broadly anticipated 411,000 barrels per day (bpd), the community of eight OPEC+ producers led by Saudi Arabia and Russia decided with the draw to add 548,000 bpd to their mixed oil output next month…
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