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المشهد العربي
OPEC+ plans fourth oil output boost
The OPEC+ alliance is moving toward approving a fourth consecutive increase in oil production targets for the fourth month in a row. It is expected that the seven member countries will raise their production by approximately 188,000 barrels per day starting next July, following previous increases of 206,000 barrels in May and April. This comes amid ongoing tensions stemming from the U.S. war on Iran and its impact on global oil supplies. A ministerial meeting is scheduled to discuss the market, but sources suggest that no significant changes in production policy are anticipated.
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