OPEC+ agrees to modest oil output increase

OPEC+ nations agreed to a modest 188,000 barrels-per-day increase in their June production quota, signaling unity despite the UAE's recent departure and the effective closure of the Strait of Hormuz.

Coverage

• OPEC+ countries agree modest rise in production as Iran retains chokehold on key Strait of Hormuz - AP News
• OPEC Signals Unity After U.A.E. Exit With Pledge to Boost Oil Output
• OPEC+ announces 188,000 barrels-per-day output increase in first meeting without UAE

SplitViewNews News