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  • OPEC+ To Boost (Oil) Production Target By 100,000 Bpd In September

    08/03/2022 7:50:27 AM PDT · by BeauBo · 30 replies
    OilPrice.com ^ | Aug 03, 2022 | Tsvetana Paraskova
    The OPEC+ group gave the go-ahead to lift their oil production targets for September by 100,000 bpd... Today's OPEC+ meeting is the first meeting since the group decided to roll back by the end of August all the cuts from May 2020, when the current agreement started. Analysts had expected the alliance to endorse either flat targets for September compared to August, or a slight increase. Ahead of the meeting on Wednesday, the U.S. Department of the State approved on Tuesday a possible Foreign Military Sale to Saudi Arabia—OPEC's top producer—of PATRIOT MIM-104E Guidance Enhanced Missile-Tactical Ballistic Missiles (GEM-T) and...