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OPEC+ is boosting oil production, ending dispute that shook energy markets
CNN
OPEC+ agreed to increase oil production Sunday, ending a dispute between the United Arab Emirates and Saudi Arabia.
Oil prices soared about two weeks ago after major producers, including Saudi Arabia and the UAE, fell out over plans to increase production in the face of rising global demand. Now the group is raising overall oil production by 400,000 barrels per day on a monthly basis, starting in August, according to a statement. In December, the oil producers will assess market developments and participating countries' performance and move forward from there.
The retired Air Force general announced as the next chairman of the Joint Chiefs of Staff by President Donald Trump after the abrupt Friday night firing of his predecessor is a respected career F-16 pilot who is described by current and former officials who served with him as a professional with a “strong moral center.”
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