OPEC may boost output by between 300,000-600,000 b/d under compromise deal

A number of OPEC countries are optimistic that a compromise agreement on boosting the cartel's output over the next few months can be reached. According to Bloomberg, who cited officials from several member countries of the Organisation of Petroleum Exporting Countries, a compromise deal is under discussion to hike production by between 300,000 and 600,000 barrels a day. Moscow had been pushing for an increase of up to 1.5m b/d, spread proportionally across all of the members of the so-called ...

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