LONDON: OPEC+ has agreed a further increase in output targets from August, the group said in a statement on Sunday (Jul 5), adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait o

OPEC+ has given another oil supply release after it agreed for another modest oil quota increase for August, moving ahead with its strategy to gradually return supply to the global market as...

LONDON: OPEC+ is set to agree on Sunday (Jul 5) on another increase in output targets from August, sources with knowledge of the matter said, adding to global supply amid falling oil prices due to a gradual reopening of the Strait