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 post-conflict, they remain below pre-war levels. The market anticipates a return to oversupply, contingent on stable shipping routes and China's re-entry into the market, which is expected as prices potentially fall.

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+ 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.

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…

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

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…

Oil prices dipped as OPEC+ agreed to boost output from August, with key producers seeing recovering exports via the Strait of Hormuz. Despite the planned increase, actual output…

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.