OPEC+ Output Hike
OPEC+ raises production targets by 188,000 barrels per day starting in August, signaling confidence in stabilizing Strait of Hormuz shipping routes and testing global market absorption.
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- UPDATEOPEC+ confirms 188,000 bpd output hike from August as Hormuz risk persists
The incremental supply increase follows June and July hikes, testing market absorption amid ongoing shipping disruptions in the Strait of Hormuz.
- UPDATEOPEC+ confirms 188,000 bpd output hike from August as Hormuz risk persists
The incremental supply increase follows June and July hikes, testing market absorption amid ongoing shipping disruptions in the Strait of Hormuz.
- UPDATEOPEC+ raises output quotas by 188,000 bpd as Hormuz exports recover
The cartel adds supply for August, following similar increases in June and July, signaling confidence that Strait of Hormuz transit risks are easing.