OPEC+ approved another output increase even though the Strait of Hormuz disruption means much of the added supply may remain theoretical.

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,…

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 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.