The OPEC+ meeting has been rescheduled to Saturday to consider further production increases.

Representatives attending the meeting said that OPEC+ major member countries will hold an online meeting on Saturday to consider a significant increase in oil production. Saudi Arabia and its partners have been discussing a basic plan to increase production by 411,000 barrels per day in August to regain lost market share. These officials said that the video conference was moved up by a day due to scheduling issues. As the details have not been made public yet, these officials requested anonymity.