OPEC Likely to Agree Production Increase Next Week: Survey
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OPEC will probably overcome internal disputes to agree on a production increase next week to temper rallying prices, according to a Bloomberg survey.

The Organization of Petroleum Exporting Countries and its allies are set for contentious meetings on 22 and 23 June as they review whether to unwind supply curbs put in place 18 months ago. While the producers able to revive production are ready to do so, there’s growing opposition from countries who can’t.

Eighteen of 31 analysts and traders in a global poll predicted that the 24 countries in the joint accord will agree to raise output when they meet in Vienna. (Pexels)
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