OPEC Agrees in Principle to Speed Up Supply Increases Further BloombergOPEC members agree to larger-than-expected oil production hike in August CNBCOPEC Plus Agrees to Pump More Oil in August The New York TimesOPEC speeds up oil output hikes, adds 548,000 bpd in August Reuters
The increase, which the group said was a response to "a steady global economic outlook," was higher than some analysts expected and could lead to lower oil prices.
