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OPEC+ increases oil output again

OPEC+ increases oil output again

OPEC and its allies, known as OPEC+, have reached an agreement to increase oil production by 188,000 barrels per day, marking the fifth consecutive increase since the attacks on Iran in February. Meanwhile, maritime traffic through the Strait of Hormuz continues at levels below pre-war figures. Despite rising prices in recent months, the price of Brent crude has stabilized at $72.12. Financial experts predict that the price per barrel will reach $75 next year, as the conflict has caused substantial market disruptions and the destruction of some energy facilities in the Middle East.

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