OPEC+ Agrees to Further Oil Production Increase for August
OPEC+ has agreed to increase oil production quotas for the fifth consecutive time, with an additional 188,000 barrels per day to be added in August, aiming to boost global crude availability and ease price pressures, particularly for importing nations like India.
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OPEC+ set to approve another oil output increase, sources say
The oil-producing group has agreed in principle to increase quotas by 188,000 barrels per day from August, two sources told Reuters.
Read full article →7 OPEC+ countries agree to expand monthly oil production modestly as prices slide
Read full article →OPEC+ plans quota increase as Middle East tensions ease
'Assuming shipping continues to normalize, July will show an improvement, with August probably being the month where the pickup accelerates,' says analyst
By AFP
Read full article →More crude ahead as OPEC+ hikes August output by 188,000 barrels per day
OPEC+ has approved an additional 188,000 barrels per day production increase for August, aiming to boost global crude availability and ease price pressures, particularly for importing nations like India. This move, part of a broader unwinding of production cuts, comes as global benchmark Brent crude nears pre-conflict levels. While oil firms anticipate breaking even on petrol and diesel soon, cooking gas sales continue to incur losses.
By TNN
Read full article →Opec+ approves further oil output increase as Hormuz exports start to recover
Opec+ has agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. The oil-producing group agreed during an online meeting to increase quotas by 188,000 barrels per day from August, on top of similar increases for June and July. The seven core members of Opec+, which groups Opec and allied producers including Russia, have ...
By none@none.com (Reuters)
Read full article →OPEC+ set to clear another oil output increase: Sources
Read full article →OPEC+ approves another output increase as Hormuz reopening boosts supply outlook
Read full article →OPEC+ Approves Another Oil Output Increase As Hormuz Exports Start To Recover
OPEC+ Approves Another Oil Output Increase As Hormuz Exports Start To Recover OPEC+ agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman adjust production and reaffirm commitment to market stability Read Press Release▶️https://t.co/dyMd6...
By Tyler Durden
Read full article →OPEC+ agrees on new oil output hike as Hormuz gradually recovers
OPEC+ group has agreed on one more output hike, covering the adjustment for August, it said in a statement on Sunday, adding to global supply at a time when oil prices are falling...
Read full article →OPEC+ raises quotas again as Middle East calms
OPEC+ members agree to raise oil production quotas by 188,000 bpd in August 2026 as the Middle East calms, aiming to restore pre-war supply levels. Read More: https://punchng.com/opec-raises-quotas-again-as-middle-east-calms/
By Punch Newspapers
Read full article →OPEC+ raises quotas again as Middle East calms
Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war. The post OPEC+ raises quotas again as Middle East calms appeared first on Vanguard News.
By Akinbayo Wahab
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