BUSINESSJul 6 · 12:20 UTCQUARTZCris Tolomia

OPEC+ is raising oil output for a fifth straight month as Hormuz shipping recovers

OPEC+ is increasing oil output for a fifth consecutive month, with seven core members agreeing to add 188,000 barrels per day in August. This follows the gradual unwinding of 2023 production cuts as Hormuz shipping recovers.

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