OPEC+ reaffirms August oil production hike, leaves future output policy undecided

An increasingly stretched OPEC and its allies on June 30 reaffirmed plans for a nominal 648,000 b/d production rise in August, as questions continued to swirl about how much crude oil the group will be able and willing to pump in the months ahead. Delegates told S&P Global Commodity Insights that ministers did not discuss any output plans beyond August,…