According to sources familiar with the OPEC+ negotiations, OPEC and partner countries have reached an agreement in principle to raise the oil production target by 180,000 barrels per day starting in September, and then suspend production increases in the fourth quarter.

According to sources familiar with the OPEC+ negotiations, OPEC and partner countries have reached an agreement in principle to raise the oil production target by 180,000 barrels per day starting in September, and then suspend production increases in the fourth quarter.