Energy & Petrochemicals #opec#oil
OPEC+ Increases Oil Output Targets Amid Geopolitical Tensions
OPEC+ has approved a fourth consecutive increase in oil production targets, raising July output by 188,000 bpd. This decision comes amid ongoing disruptions in the Strait of Hormuz due to the US-Iran conflict, affecting global oil supply.
Jun 8, 2026 1 source