Group to add 188,000 bpd again as supply concerns wane and oil prices return to prewar levels

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.

LONDON: OPEC+ is set to agree on Sunday (Jul 5) on another increase in output targets from August, sources with knowledge of the matter said, adding to global supply amid falling…

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.

Group to add 188,000 bpd again as supply concerns wane and oil prices return to prewar levels

OPEC+ raised oil production quotas by 188,000 bpd for July 2026, but the blocked Strait of Hormuz makes the increase largely symbolic for energy and crypto

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...

LONDON — OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a t...

OPEC+ will boost oil supply by 188,000 barrels per day in August. Crude oil reaching a new all-time high by September 30 at 2.5% YES.

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.

"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 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…

Sette Paesi dell’alleanza OPEC+ aumenteranno ad agosto la produzione di petrolio di 188.000 barili al giorno, mentre i prezzi del greggio tornano ai livelli precedenti alla guerra…

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.

A handful of countries in the Opec+ oil-producing alliance plan to modestly increase their output next month, bringing more oil online after fuel prices fell to levels not seen…