BUSINESSTHE RIO TIMES
OPEC+ Keeps Pumping More, and Latin America Feels It
OPEC+ agreed to increase oil output in August as the Strait of Hormuz reopens, leading to lower crude prices in Latin America.
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Adjacent reporting
- Strait of Hormuz will reopen, Trump says as deal with Iran agreed on
- Strait of Hormuz will reopen, Trump says as deal with Iran agreed on
- OPEC+ raises output levels again despite tumbling crude prices
- Hormuz reopening to release wave of oil supply, depress prices
- Morgan Stanley Cuts Oil Forecasts as Hormuz Deal Revives Supply
- Crude oil drops as US inches towards Iran deal to reopen Strait of Hormuz