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Additional-crude-worth-188000-barrels-per-day

7 Opec+ countries to raise crude oil production
7 Opec+ countries to raise crude oil production
As global crude prices continue to slide, a core faction of the OPEC+ alliance has finalized plans to marginally increase oil output next month. The decision reintroduces more supply to a market that has seen fuel prices plunge to pre-war levels, reversing the spikes triggered by the military conflict between Iran, Israel, and the United States. Modest Output Hikes ApprovedThe Organization of the Petroleum Exporting Countries and its broader coalition (OPEC+) announced on Sunday that seven memb...
Global Economy•06 July 2026