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OPEC+ countries say they will expand monthly oil production
Seven OPEC+ countries have agreed to modestly increase monthly oil production targets amid sliding prices.
5 trends tracked about this subject — the full history, oldest to newest below.
Seven OPEC+ countries have agreed to modestly increase monthly oil production targets amid sliding prices.
OPEC+ is increasing oil production quotas as shipping traffic in the Strait of Hormuz begins to recover.
OPEC+ has ratified oil quota increases as Middle East stability improves and traffic in the Strait of Hormuz begins to recover.
Major banks are slashing oil price forecasts as the Strait of Hormuz reopens sooner than anticipated.
Iraq threatens to leave OPEC over oil production quotas, following the UAE's recent exit.