OPEC+ is discussing whether to further boost production at next week’s meeting as the oil market looks increasingly tight. Moscow is considering making a proposal that the group should ease a global supply deficit by increasing output, according to Russian officials familiar with the matter. Other OPEC+ nations are also discussing a potential supply hike in August, although specific numbers haven’t been mentioned, said a delegate. Crude just hit $75 a barrel in London for the first time in two years as a strong recovery in demand from the coronavirus pandemic encounters supply constraints. The Organization of Petroleum Exporting Countries and its allies are already in the process of reviving about 2 million barrels a day of idle production from May to July, but influential voices in the market are asking for more as prices rise. Saudi Arabia, the de-facto OPEC+ leader alongside Russia, so far hasn’t given any […]