OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face production capacity declines, making target increases less meaningful. Gulf countries struggle with exports due to Strait of Hormuz disruptions. Russia's oil infrastructure has also faced repeated drone attacks.

Saudi Arabia, Russia and five other members of OPEC+ are expected to raise their oil production quotas for September when they meet online Sunday as the Middle East war continues…

OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face…