WS #11456
OPEC+ confirmed a 188,000 bpd quota hike for August, with Gulf oil exports rebounding above 10 million bpd as Strait of Hormuz shipping recovers, but exports remain 40% below pre-war levels.
OPEC+ Output Increase and Oil Market Recovery
OPEC+ confirmed a 188,000 bpd quota hike for August, with Gulf oil exports rebounding above 10 million bpd as Strait of Hormuz shipping recovers, but exports remain 40% below pre-war levels.