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OPEC+ approves further oil output increase as Strait of Hormuz exports recover
OPEC+ approved an 188,000 barrel per day oil output increase starting August, following similar increases in June and July, as Strait of Hormuz exports recover.
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Adjacent reporting
- Opec+ approves further oil output increase as Hormuz exports start to recover
- OPEC+ Ratifies Planned Oil Quota Hike as Gulf Flows Rebound
- OPEC+ announces symbolic oil output rise during Strait of Hormuz closure
- OPEC+ Agrees in Principle on 188K B/D Hike, Delegates Say
- Oil producers approve supply boost as Middle East tensions persist
- OPEC+ tipped to raise quotas again as Middle East calms