LONDON—OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from September onwards as prices have risen on tight global supplies and worries that the group has little ability to pump more crude.
Thursday’s meeting of the group that includes Saudi Arabia, Russia, and other major oil producers was held days before President Joe Biden travels to the Middle East, including Riyadh where he is expected to press the kingdom for more oil.
