Eight OPEC+ nations to raise output by 548,000 barrels daily

Eight OPEC+ oil producers agreed on Saturday to boost their combined crude output by 548,000 barrels per day, moving forward with the gradual rollback of voluntary supply cuts. The group—made up of Russia, Saudi Arabia, Algeria, Iraq, Kazakhstan, Kuwait, Oman, and the United Arab Emirates—met virtually earlier in the day. The hike exceeded initial expectations […]