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The Nexus
BUSINESSJul 5 · 07:47 UTCBLOOMBERGSalma El Wardany, Fiona MacDonald, Grant Smith

OPEC+ Agrees in Principle on 188K B/D Hike, Delegates Say

OPEC+ has agreed in principle to increase oil production by 188,000 barrels per day. The United Arab Emirates will exit OPEC and its wider alliance, impacting the group and Saudi Arabia amid global oil supply disruptions linked to the Iran war.

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OPEC+organizationUnited Arab EmiratesplaceOrganization of the Petroleum Exporting CountriesorganizationSaudi ArabiaplaceIran wartopic
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