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

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+ 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,…

Decisão eleva metas no papel, mas restrições ao transporte pelo Irã mantém produção real em queda

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…

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