Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for...

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Oil market watch: Saudi, Russia-led OPEC+ eyes fresh hike for August

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OPEC+ members, including Saudi Arabia and Russia, are expected to agree on a 411,000 barrels per day production increase for August, continuing their strategy of gradually raising output. Despite potential shortfalls due to non-compliance from some nations, analysts anticipate minimal price impact.

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