OPEC+ Boosts Oil Output Quota by 188,000 Barrels Despite Hormuz Blockade

OPEC+ has agreed to raise oil output targets by 188,000 barrels per day for June, a decision made during an online meeting of seven key members on Sunday, even as the ongoing Iran war and Strait of Hormuz blockade render the increase largely symbolic. The quota hike, consistent with increases of 206,000 barrels per day […] The post OPEC+ Boosts Oil Output Quota by 188,000 Barrels Despite Hormuz Blockade appeared first on the deep dive.