OPEC+ to raise oil output slightly even as Iran war disrupts shipments
OPEC+ Responds to Middle East Tensions with Modest Oil Output Increase OPEC+ has agreed to a small increase in oil production – 206,000 barrels per day – following disruptions to shipments caused by escalating tensions between the U.S., Israel, and Iran. The move, decided on Sunday, reflects the group’s historical tendency to bolster supply during … Read more