OPEC+ is reportedly discussing suspending further production increases after the next output hike.

Informed representatives of OPEC+ revealed that the organization is discussing pausing further production increases after the next monthly increase. Saudi Arabia and its partners have a preliminary plan to achieve their goal of restoring production to 2.2 million barrels per day in September by increasing by 550,000 barrels per day once again. These representatives indicate that the organization may wait for a period of time before starting another round of production restoration, totaling approximately 1.66 million barrels per day.