# OPEC+ is likely to agree to another 411-thousand barrels-per-day oil output hike for July. According to Reuters, the decision is expected on Saturday when eight members meet, following larger-than-expected hikes in May and June. The report indicates that today’s broader 22-member review is not expected to alter current policy. The move comes as OPEC+ works to meet rising demand and regain market share after major cuts since 2022. Oil prices have since rebounded to approximately one-thousand-162-rand per barrel.
OPEC+ eyes further oil output hike amid rising global demand