Wednesday, June 17, 2026
OPEC+ hiking oil supply, heeding U.S. but keeping Russia onside- oil and gas 360

OPEC+ hiking oil supply, heeding U.S. but keeping Russia onside

World Oil (Bloomberg) — OPEC+ agreed to increase the size of its oil-supply hikes by about 50%, in a deal that kept Russia at the heart of the cartel while also heeding pressure from major consumers including the U.S. Ministers approved production increases of 648,000 barrels a day of oil for July and August, up from recent monthly hikes of