BUSINESSMARKETWATCH
OPEC+ may keep lifting its oil output quotas as the Iran war broadens. Why that won’t help lower prices.
OPEC+ may increase its oil production quotas for a sixth consecutive month amid the expanding Iran war. However, the article highlights that exporting the additional oil will be a significant challenge.
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- Opec+ set to increase oil output targets again
- As OPEC+ meets, Iran war hobbles power to shape oil market
- OPEC+ is raising oil output quotas for a fourth straight month — but the Strait of Hormuz is still shut
- OPEC+ hikes output as prices fall
- OPEC+ Plans to Pause Quota Hikes After September, Delegates Say