Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war. Analysts predict a gradual return to normal output levels, though restarting shut-in production will take time.

OPEC+ is expected to approve another production quota increase for August as Gulf oil output gradually recovers following the reopening of the Strait of Hormuz.

Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war.…

OPEC+ plans to increase oil production quotas amid regional stabilization. New all-time high for crude oil by December 31 at 7.5% YES.

LONDON: OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday (Jul 5), adding to global supply at a time when oil prices are…

The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August. Read more at straitstimes.com. Read more at straitstimes.com.

The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August, two sources told Reuters.

Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026. This move partially unwinds voluntary…

Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war.

OPEC+ group has agreed on one more output hike, covering the adjustment for August, it said in a statement on Sunday, adding to global supply at a time...

OPEC+ has decided to raise its oil production targets once again, agreeing to increase output quotas by 188,000 barrels per day (bpd) from August as the group continues to unwind…

Oil-producing group agrees to increase quotas by 188,000 barrels per day from August, on top of similar increases for June and July.

Seven OPEC+ countries agreed to increase oil production by 188,000 barrels per day in August 2026 while reaffirming their commitment to market stability and full compliance with…

OPEC+ members agreed to raise their collective oil‑production quotas from August even as crude shipments through the Strait of Hormuz remain uncertain.

"The group of seven kept unwinding their production cuts as widely expected. The near-term focus will remain on how many tankers will manage to cross the Strait of Hormuz and how…

Seven OPEC+ producers have agreed to increase oil production from August, signalling confidence that Gulf exports are recovering after months of disruption caused by the Middle…

OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While Middle East exports are recovering…

OPEC+ to raise oil output by 188,000 bpd from August as Gulf producers unwind cuts, Strait of Hormuz shipping normalises and markets eye price pressures.

Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188,000 barrels per day.

Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to…

OPEC+ will boost oil output by 188,000 barrels per day in August. Crude oil reaching a new all-time high by September 30 at 2.6% YES.