Breaking News: OPEC+ V8 decided to increase production ceiling by 411 kbd in July.

Breaking News:

• OPEC+ V8 decided to increase production ceiling by 411 kbd in July. The impact is limited as we disused in the past (please see previous published Note and Podcasts on the subject). Please contact us if you have any questions.

• The production ceiling has risen by about 1.37 mb/d. The remaining voluntary cuts is 0.827 mb/d.

• Next meeting is scheduled for July 6 to decide August's production level.