The Organisation of Petroleum Exporting Countries (Opec) says it's on track to increase oil production this month by about 300,000 barrels per day.
While the overall increase is small, less than one-half of one percent of total world supply, any extra cargoes would be welcome by tanker owners who are still dealing with rates below breakeven levels.
The cartel said member and non-member countries hit 121% of targeted cutbacks of 1.8
