OPEC+ likely to stick to plans to raise oil output: Report
OPEC and its allies are likely to stick to plans to raise oil output by 400,000 barrels per day (bpd) at an OPEC+ meeting on Thursday, sources said, despite calls from the United States for extra supply to cool rising prices.
Top OPEC producer Saudi Arabia has already dismissed calls for more oil supplies from the Organization of the Petroleum Exporting Countries (OPEC) and allies, collectively known as OPEC+. Kuwait and Iraq also support the current plans.
OPEC+ sources have said the United States has plenty of capacity to raise production itself if it wants to help the world speed up economic recovery.
