“The size of the supply increase is still a question mark, but otherwise there can be no doubt anymore that Saudi Arabia and Russia will be increasing supplies in the second half,” said Olivier Jakob, managing director at consultants Petromatrix GmbH in Zug, Switzerland.

link to the story: https://gulfnews.com/business/sectors/markets/oil-falls-below-70-as-saudi-arabia-sees-oil-supply-increase-1.2226840