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Talk of a proposal for OPEC+ to ease production cuts gradually by 400k bpd per month from Aug to Dec

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The proposal is for a 2 million bpd easing of output cuts in Q3 and Q4

This being tweeted by renowned oil market journalist, Amena Bakr:

There is a proposal on the table that will be further discussed to ease 2 million bpd between august and December – sources

So under this proposal, the easing will be 400k per month starting in August till December

Oil is looking perky as we look towards the OPEC+ meeting now, trading at $75:

The proposal is for a 2 million bpd easing of output cuts in Q3 and Q4



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