OPEC+ agreed on Thursday to stick to a planned oil output hike this summer but avoided discussing policy from September onwards as prices have risen on tight supplies and worries that the group has little ability to pump more.
The group, which comprises the Organization of the Petroleum Exporting Countries and an informal group of non-OPEC members led by Russia and produces over 40% of global supply, concluded a meeting on Thursday via videoconference by deciding to stay the course with its production policy.
