OPEC+ Plans Fourth Oil Quota Hike Following Strait of Hormuz Closure
OPEC+ is moving toward a fourth consecutive monthly increase in oil output targets, even as regional conflict continues to disrupt global energy flows. According to reports from CNBC, seven core members of the group are expected to raise production quotas by approximately 188,000 barrels per day (bpd) starting in July, maintaining the pace set for … Read more