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Tag: Opec oil hike

OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

Posted on June 7, 2026 By admin
OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

The ⁠seven of 21 OPEC+ members due to meet on ⁠Sunday (June 7) are Saudi Arabia, Iraq, Kuwait, Algeria, Kazakhstan, Russia, and Oman. | Photo Credit: Reuters OPEC+ is set to agree on Sunday (June 7, 2026) a fourth increase in oil output targets in as many months, three OPEC+ ‌sources said, even though the…

Read More “OPEC+ set for fourth oil quota hike since Hormuz closure, sources say” »

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