Oil markets are now refocusing on OPEC+ as the Iran-Israel ceasefire continues to hold, with the cartel's meeting this weekend likely to be the next big market mover.- Ever since OPEC+ countries started to unwind their 2.2 million b/d worth of voluntary production cuts, the expectation was that Middle Eastern producers would start to flood the markets in order to re-gain market share.
- Saudi Arabia’s June export numbers indicate that Saudi Aramco is doubling down on its production hikes, shipping 6.4 million b/d in seaborne…Oil Markets Refocus on OPEC as Iran-Israel Conflict Cools
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