OPEC+ boosts oil production as Gulf exports recover | Africanews

Seven OPEC+ producers have agreed to increase oil production from August, signalling confidence that Gulf exports are recovering after months of disruption caused by the Middle East conflict. The move comes as shipping through the Strait of Hormuz gradually returns to normal.

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FILE - The logo of the Organization of the Petroleum Exporting Countries (OPEC) is displayed outside of OPEC's headquarters in Vienna, Austria, Thursday, March 3, 2022.

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Seven key OPEC+ members agreed on Sunday to raise oil production quotas by 188,000 barrels per day, with the increase taking effect in August 2026.

OPEC+ boosts oil production as Gulf exports recover | Africanews

OPEC+ boosts oil production as Gulf exports recover | Africanews

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OPEC+ Plans Another Output Hike. The Market Barely Notices. | OilPrice.com

OPEC+ Approves Another Oil Output Increase As Hormuz Exports Start To Recover

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