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OPEC+ Agrees to Modest Oil Output Increase for August
L'essentiel
- OPEC+ announced Sunday that seven member countries will increase oil production by a combined 188,000 barrels per day in August.
- This marks the fifth consecutive month of output hikes, aiming to stabilize markets amid falling fuel prices influenced by a US-Iran interim deal and continued tensions in the Strait of Hormuz.
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OPEC+ announced Sunday that seven member countries will increase oil production by a combined 188,000 barrels per day in August. This marks the fifth consecutive month of output hikes, aiming to stabilize markets amid falling fuel prices influenced by a US-Iran interim deal and continued tensions in the Strait of Hormuz.
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This article was originally published by ABC News.
