OPEC second 500,000 bpd output hike won’t come until Aug 1 at earliest – source

OPEC’s discretionary second half-million barrel hike in output quotas will only take place on Aug 1 at the earliest, an OPEC source said.

‘The earliest it would appear will be the first of August or first of September,’ an OPEC source told AFX News about the timing of the second increase.