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by Jim Colburn Leave a Comment
Salma El Wardany, et. al., Bloomberg, summarize the decision to hike output by OPEC+, here…
”The 23-nation coalition will boost output by 350,000 barrels a day in May, add the same volume again in June and increase by 450,000 barrels a day in July, Prince Abdulaziz told reporters after the meeting. On top of that, Saudi Arabia will roll back its voluntary extra 1 million barrel-a day cut, adding 250,000 barrels a day in May, 350,000 in June and 400,000 in July, he said.”
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