OPEC+ summit could lead to modest rise in oil output

by Benoît PELEGRIN LONDON, United Kingdom (AFP) — The OPEC+ group of oil-producing countries are to meet Thursday and are expected to agree to boost output in August to meet demand and limit recent price rises. The cost of crude oil has surged back to levels last seen in October 2018, which would normally support arguments in favour of boosting production. India, the world’s third-largest consumer of crude, has urged OPEC+ to phase out its […]