OPEC+ is raising oil output quotas for a fourth straight month — but the Strait of Hormuz is still shut
Seven OPEC+ members approved a 188,000-barrel-per-day increase for July, a move analysts call largely symbolic while Gulf exports remain blocked
Overview
Seven OPEC+ members approved a 188,000-barrel-per-day increase for July, a move analysts call largely symbolic while Gulf exports remain blocked
Source
Originally published at qz.com.
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