OPEC Plus will increase oil output by 188,000 barrels daily from July 2026. New all-time high for crude oil by December 31 at 7.5% YES.

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

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

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…