Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts

OPEC+ has boosted output this year after record cuts put in place in 2020 due to demand destruction caused by the COVID-19 pandemic. But in recent months, the organisation has failed to meet its planned output increases, missing in July by 2.9 million bpd.

Oil prices inch higher ahead of OPEC+ meeting to discuss supply cuts
OPEC+ has boosted output this year after record cuts put in place in 2020 due to demand destruction caused by the COVID-19 pandemic. But in recent months, the organisation has failed to meet its planned output increases, missing in July by 2.9 million bpd.