The OPEC and non-OPEC countries also endorse the plan developed by OPEC Secretariat to achieve the objectives of the Charter of Cooperation

The next meeting will be held on July 5

The compensation period will be extended until the end of December 2026

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…

The OPEC and non-OPEC countries also endorse the plan developed by OPEC Secretariat to achieve the objectives of the Charter of Cooperation

The Organisation of Petroleum Exporting Countries and its allies, also known as OPEC+, has approved the fourth oil output increase since the Hormuz closure crisis.The decision…

OPEC+ agreed to raise oil production quotas by 188,000 barrels per day for July 2026, but Strait of Hormuz tensions make the increase largely symbolic.