OPEC+ agrees in principle to raise oil output quotas by 188,000 barrels per day in August, Reuters reports, citing a source familiar with the group's talks.
OPEC+ has reached an agreement in principle to raise oil output quotas by 188,000 barrels per day in August, Reuters reported on Sunday, citing a source familiar with the group's talks.
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Seven OPEC+ members raise oil production quotas again as Gulf states face Middle East war fallout. The decision adds supply to global markets amid regional conflict disrupting energy flows.
Seven OPEC+ members decide to again raise oil production quotas as Gulf countries reel from the Middle East war.
OPEC+ to implement 188,000 bpd production adjustment as Saudi Arabia, Russia and five others reaffirm market stability commitment; next meeting set for August 2.
OPEC: Seven participating countries including Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman to implement 188,000 bpd production adjustment; reaffirm commitment to market stability; next meeting set for August 2.
OPEC+ set to approve another oil output increase, sources say
OPEC+ is set to approve another oil output increase, according to sources.
OPEC+ delegates say preliminary agreement reached for modest oil quota increase in August, potentially adding supply if US-Iran peace pact holds
OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick.
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