OPEC+ Set to Approve May Output Hike Amid Compensation Talks
OPEC+ ministers will convene virtually on Thursday and are expected to greenlight a 135,000 barrel-per-day (bpd) production increase for May, continuing their phased plan to unwind pandemic-era supply cuts, according to sources within the group. The move marks the second consecutive monthly output hike under a strategy to gradually restore 5.85 million bpd of halted […]