OPEC+ Is Likely To Raise Oil Output Quotas For September By About 188K Barrels/Day At Aug. 2 Meeting
-Reuters
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Why It Matters
OPEC+ (a group of oil-producing countries) is planning to allow more oil to be pumped and sold starting in September. When more oil comes to market, prices usually go down, which can help people who buy gas but might reduce profits for oil companies.
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