Seven core members of group gradually unwinding 1.65 million bpd production cut agreed to raise July output by 188,000 bpd

OPEC+ plans a fourth oil quota hike amid Hormuz tensions. WTI reaching $150 in June 2026 at 1.8% YES.

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks,…

Analyst says the increase means little as long as the strait remains closed

OPEC+ announces fourth oil output increase amid supply crisis caused by war and Strait of Hormuz closure.