OPEC+ focuses on increasing oil output by 400,000 bpd/month: report

OPEC+ will likely stick to their policy of increasing oil production by 400,000 barrels per day (bpd) per month, Reuters reported, citing four sources.

OPEC+ experts revised the 2022 oil demand growth forecast upward to 4.2 million bpd, according to two sources. 

OPEC and its allies will meet today, Sept. 1, in order to discuss a previously agreed increase in production by 400,000 bpd over the next several months.