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OPEC+ plans small oil output quota hike for July, but the Strait of Hormuz makes it mostly symbolic
OPEC+ approved a 188,000 bpd oil output increase for July 2026, its fourth straight monthly hike, but Strait of Hormuz disruptions make it largely symbolic.
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economictimes.indiatimes.com
As OPEC+ meets, Iran war hobbles power to shape oil market
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…
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cryptobriefing.com
OPEC+ plans fourth oil quota hike amid Hormuz closure tensions: Reuters
OPEC+ plans a fourth oil quota hike amid Hormuz tensions. WTI reaching $150 in June 2026 at 1.8% YES.
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OPEC+ set for fourth oil quota hike since Hormuz closure, sources say
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,…
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thehindu.com
OPEC+ set for fourth oil quota hike since Hormuz closure, sources say
OPEC+ plans a fourth oil output quota increase amid ongoing challenges from the U.S.-Iran war and UAE's exit.
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ilsole24ore.com
Opec+: nuovo aumento della produzione petrolifera dopo la chiusura di Hormuz
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
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cnbc.com
OPEC+ set for fourth oil quota hike since Strait of Hormuz closure, sources say
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.
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newsbytesapp.com
Will OPEC+ approve increase in oil output today?
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.
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middleeasteye.net
Opec+ set to increase oil output targets again
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…
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dailysabah.com
OPEC+ agrees 4th straight oil output hike since Hormuz closure
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...
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OPEC+ increases production quotas for July
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…
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thenationalnews.com
Opec agrees fourth monthly output rise despite Hormuz closure and price swings | The National
Seven core members of group gradually unwinding 1.65 million bpd production cut agreed to raise July output by 188,000 bpd
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businessday.ng
OPEC+ raises output quotas by 188,000 bpd for July - Businessday NG
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…
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7 OPEC+ nations announce second straight 188,000 bpd output increase for 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…
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businessday.co.za
Opec+ approves fourth oil output hike amid Strait of Hormuz tensions
Analyst says the increase means little as long as the strait remains closed
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thehindubusinessline.com
OPEC+ decides on fourth oil quota hike since Hormuz closure
OPEC+ announces fourth oil output increase amid supply crisis caused by war and Strait of Hormuz closure.
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timesofindia.indiatimes.com
OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd
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…
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dawn.com
Opec+ approves fourth oil output quota hike since Hormuz closure
Decides to increase targets by 188,000 bpd from July.
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upi.com
OPEC to increase oil output amid continued closure of Strait of Hormuz - UPI.com
OPEC plans to hike production by 200,000 barrels per day despite the Strait of Hormuz remaining closed, making it near-impossible to ship any of it.
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vanguardngr.com
OPEC+ approves fourth oil output increase since Hormuz closure
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…
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channelnewsasia.com
OPEC+ approves fourth oil output quota hike since Hormuz closure
On Sunday, the seven members decided to increase targets by 188,000 bpd from July, OPEC said in a statement.