Higher oil and gas prices have contributed to the inflation that is plaguing the U.S. and Europe and sapping consumer purchasing power.
The group has been adding a steady 432,000 barrels per day each month, under a road map to gradually restore production cuts made during the depths of the pandemic recession in 2020.
High gas prices for drivers are a potential factor in U.S. politics with mid-term Congressional elections approaching later this year.
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