WS #11464
7 OPEC+ countries agree to 188,000 bpd production increase for August as oil prices slide, reinforcing the de-escalation of the Strait of Hormuz crisis. Iraq signs joint management contract with Halliburton to boost oil production at Bin Omar and Sinbad fields, targeting 150,000 bpd increase.
OPEC+ Production Increase & Oil De-escalation
7 OPEC+ countries agree to 188,000 bpd production increase for August as oil prices slide, reinforcing the de-escalation of the Strait of Hormuz crisis.
Iraq signs joint management contract with Halliburton to boost oil production at Bin Omar and Sinbad fields, targeting 150,000 bpd increase.