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OPEC+ is raising oil output for a fifth straight month as Hormuz shipping recovers

Seven core members agreed Sunday to add 188,000 barrels per day in August, continuing a gradual unwinding of 2023 production cuts

OPEC+ is raising oil output for a fifth straight month as Hormuz shipping recovers

Published July 6, 2026 · Category: Markets

Overview

Seven core members agreed Sunday to add 188,000 barrels per day in August, continuing a gradual unwinding of 2023 production cuts

Source

Originally published at qz.com.

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