The OPEC+ Production Boost May Have a Bigger Bark Than Bite
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The real increase in output will likely be smaller than the headline figure, with perhaps only half reaching the market.
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Welcome to our guide to the commodities markets powering the global economy. Today, oil strategist Julian Lee assesses whether markets can absorb the production increases approved by OPEC+.
Oil ministers from OPEC+ members agreed on another big increase in production targets for July. But is there room for those barrels without crashing prices?
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