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OPEC+ Meeting: production hike is highly likely - based on emontions rather than business logic!

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OPEC+ meeting July

The members of the OPEC+ are meeting to discuss the next move today at a time when the projected global demand has been shadowed by a series of flare-ups of the Delta variant of the Coronavirus across the globe.

It certainly has put a damper on the market sentiments.

The situation in Asia is grim and the OPEC+ may be compelled to increase the production, perhaps on the emotional grounds rather than stemming from business acumen – to ease the burden of the suffering nations.

More on that:

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