OPEC+ boosts September oil output by 188,000 barrels
Bloomberg expects oil demand to decrease by one million barrels per day, while 63 million barrels of Iranian oil remain stranded at sea, as oil prices decline following OPEC+'s decision to increase production targets. Additionally, OPEC has once again lowered its forecast for global oil demand growth in 2026. Meanwhile, the military escalation in the Gaza Strip continues, with 12 civilians killed and others injured due to ongoing airstrikes.
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