Three sources said OPEC+ producers were likely to agree at a Sunday meeting to further raise their August oil output target, adding supply as the Strait of Hormuz gradually reopens and oil prices fall.
According to Jin10, the sources said the August output target would increase by about 188,000 barrels per day, matching the increases made for June and July.
OPEC has not commented on the report.
OPEC+ May Raise August Oil Output Target Again, Sources Say
2026-07-01 12:26:24
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