BUSINESSJul 5 · 03:50 UTCMIDDLE EAST EYEHilal Saki

OPEC+ tipped to raise quotas again as Middle East calms

OPEC+ members are likely to raise oil production quotas on Sunday as Gulf countries recover from Middle East war impacts. The group aims to increase output by 188,000 barrels per day amid improved shipping conditions in the Strait of Hormuz following an Iran-US agreement.

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Mentioned

OPEC+organizationSaudi ArabiaplaceRussiaplaceUBSorganizationGiovanni StaunovopersonStrait of HormuzplaceIranplaceUnited Statesplace

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