OPEC+, the alliance led by Saudi Arabia and Russia, is expected to resume output hikes when it meets on Sunday, The Wall Street Journal’s Giulia Petroni reports. An output boost would signal the alliance is restarting the gradual rollback of voluntary cuts of around 1.65 million barrels a day originally set to remain in place through the end of 2026, the report notes. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).
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