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OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens
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 earlier production cuts.
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oilprice.com
OPEC+ Plans Another Output Hike. The Market Barely Notices. | OilPrice.com
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.
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channelnewsasia.com
OPEC+ approves further oil output increase as Hormuz exports start to recover
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…
