
OPEC+ meets as oil output hike looms
This is Beirut, 28/05 20:45 - Reading : 3 minute(s)
Ministers of the OPEC+ oil alliance, led by Saudi Arabia and Russia, discussed production on Wednesday as another hike looms despite falling prices. The 22-nation group began a series of cuts in 2022 to prop up crude prices, but Saudi Arabia, Russia and six other members surprised markets recently by sharply raising output for May and June. The ...