WS #11449
OPEC+ agreed to increase output by 188,000 bpd from August, adding to supply as Hormuz exports recover, bearish for oil prices. Ukrainian drones struck an oil terminal near St. Petersburg, potentially disrupting Russian oil exports, bullish for oil prices. India withdrew emergency natural gas supply curbs as Strait of Hormuz LNG shipments resume, positive for energy security.
OPEC+ Output Increase
OPEC+ agreed to increase output by 188,000 bpd from August, adding to supply as Hormuz exports recover, bearish for oil prices.
Ukrainian drones struck an oil terminal near St. Petersburg, potentially disrupting Russian oil exports, bullish for oil prices.
India withdrew emergency natural gas supply curbs as Strait of Hormuz LNG shipments resume, positive for energy security.