WS #11477
OPEC+ approved a 188,000 b/d production increase for August, adding to supply as Strait of Hormuz reopens, pressuring oil prices. Ukraine struck a Russian oil terminal near St. Petersburg, escalating energy infrastructure attacks and threatening global oil supply.
OPEC+ August Production Increase
OPEC+ approved a 188,000 b/d production increase for August, adding to supply as Strait of Hormuz reopens, pressuring oil prices.
Ukraine struck a Russian oil terminal near St. Petersburg, escalating energy infrastructure attacks and threatening global oil supply.