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OPEC+ Panel Recommends Sticking to Planned Supply Hike, Sources Say

The group agreed in July to boost output by 400,000 bpd a month until at least April 2022 to phase out 5.8 million bpd of existing production cuts.

The increased sales tax will be passed on to customers, say restaurant and bar bosses.

Britain's energy regulator Ofgem said the rise is driven by a 50% increase in wholesale energy costs over the last six months.

The increase effects prices on inks, coatings and adhesives in the region.

The increase will range from $0.12/lb. to $0.15/lb., and includes the Arocure, Aroset and Flexcryl product lines.

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