OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure

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OPEC+ Set For Fourth Oil Quota Hike Since Hormuz Closure

AI Summary

OPEC+ is expected to agree on a fourth consecutive increase in oil production quotas following the closure of the Strait of Hormuz. This decision reflects ongoing efforts by OPEC+ members to adjust output amid global energy market dynamics.

By Ahmad Ghaddar and Olesya Astakhova LONDON, June 7 (Reuters) – OPEC+ is set to agree on Sunday a fourth increase in oil output targets in as many months, three OPEC+ sources said, even...

Markets Commodities Energy OPEC+ oil production oil quotas Hormuz closure energy markets

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