Top oil producers agree on modest output boost from August
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The world's leading oil producers agreed on Sunday to continue to modestly boost output from August reaching a compromise after the United Arab Emirates blocked a deal earlier this month. An OPEC+ meeting decided to raise output by 400,000 barrels per day (bpd) each month from August to help fuel a global economic recovery as the pandemic eases, the group's Vienna-based secretariat said in a media statement. FRANCE 24's Cole Strangler explains.