OPEC+ is likely to stick to the existing pace of gradually easing oil supply curbs at a meeting on Tuesday, three OPEC sources said, as producers balance expectations of a recovery in demand against a possible increase in Iranian supply. The Organization of the Petroleum Exporting Countries and allies – known as OPEC+ – decided in April to return 2.1 million barrels per day (bpd) of supply to the market from May to July, as it anticipated global demand would rise despite high numbers of coronavirus cases in India. read more Since that decision, oil has extended its rally and gained more than 30% so far this year, although the prospect of increased output from Iran, as talks on reviving its nuclear deal make progress, has limited the upside. On Tuesday, Brent oil prices rose $1 above $70 per barrel. OPEC Secretary General Mohammad Barkindo said he did not […]