WS #11539
OPEC+ agreed to increase production by 188,000 bpd in August, and Strait of Hormuz traffic is recovering, pushing Brent below $72 and WTI below $69. Ukrainian drones hit Russia's largest refinery in Omsk and the Slavneft-Yanos refinery in Yaroslavl, continuing the pattern of deep strikes on Russian oil infrastructure.
OPEC+ production increase and oil price decline
OPEC+ agreed to increase production by 188,000 bpd in August, and Strait of Hormuz traffic is recovering, pushing Brent below $72 and WTI below $69.
Ukrainian drones hit Russia's largest refinery in Omsk and the Slavneft-Yanos refinery in Yaroslavl, continuing the pattern of deep strikes on Russian oil infrastructure.