OPEC+ ministers agreed to raise oil output quotas by 188,000 barrels per day for July, but analysts say the move will have little impact on prices as the Strait of Hormuz remains closed amid the Mideast war.

OPEC+ ministers are meeting to discuss increasing oil production quotas to combat surging prices, which have doubled since the Strait of Hormuz was effectively blocked by…

LaOPEP+ aprobó un cuarto aumento consecutivo de cuotas de producción, al aprobar un incremento de 188.000 barriles diarios (bd) para julio.

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,…

OPEC+ plans a fourth oil output quota increase amid ongoing challenges from the U.S.-Iran war and UAE's exit.

Previsto un incremento di circa 188.000 barili al giorno da luglio. Si tratta del quarto aumento in quattro mesi dallo scoppio della guerra nel Golfo

Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.

OPEC+ is poised to approve its fourth consecutive oil output increase, despite the ongoing U.S.-Iran war disrupting supplies through the critical Strait of Hormuz.

OPEC+ ministers are set to meet amid soaring oil prices driven by geopolitical tensions. Will their decisions affect fuel prices for consumers worldwide?

Opec+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three sources from the oil cartel told Reuters, even though the war on Iran is still…

OPEC+ agreed on Sunday a fourth straight hike in its oil output targets in as many months, the organization said in a statement, even though the...

OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent…

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

OPEC+ ministers agreed to raise oil output quotas by 188,000 barrels per day for July, but analysts say the move will have little impact on prices as the Strait of Hormuz remains…

Seven OPEC+ countries have agreed to increase their combined crude oil output targets by 188,000 barrels per day (bpd) in July.

Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This decision follows a similar adjustment…

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.

OPEC+ on Sunday agreed to a fourth consecutive increase in oil production targets, even as the ongoing US-Iran conflict continues to restrict exports from several member countries…

Decides to increase targets by 188,000 bpd from July.