OPEC+ Output Expansion
Seven OPEC+ members raise August production quotas by 188,000 barrels per day as receding Middle East shipping risks and ceasefire hopes ease supply constraints.
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- MARKETOPEC+ adds 188,000 bpd to August output as shipping risk eases
Seven members raise quotas, signaling confidence that regional transit threats are receding and supply constraints are loosening.
- UPDATEOPEC+ members add 188,000 bpd to August output as shipping risk eases
Seven producers raise quotas, signaling confidence that Middle East route disruptions are receding and supply constraints are loosening.
- AHEADOPEC+ set to raise quotas as Middle East ceasefire hopes lift oil
Seven members plan to add 188,000 bpd to August output, signaling confidence that shipping risks in the Gulf are receding.