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

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.

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...

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.

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

OPEC+ approved cumulative oil production increases of 940,000 barrels per day. Here's what it means for energy prices and crypto mining economics.

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.