S&P Global expects OPEC+ to start oil output increases next year

This’ll be the first time in a couple of years.

Reuters rep[orting on comments from Jim Burkhard, vice president of research at S&P Global Commodity Insights. He was speaking at the APPEC conference:

“There’s a lot of pressure in some of these countries to
increase production, and again, some are already producing
above,”

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The Organization of the Petroleum Exporting Countries and its allies is the group known as OPEC