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OPEC+ agrees third oil output quota hike
May 3, 2026
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Posted 2 hours ago by
LONDON (Reuters) – OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait of Hormuz. Seven OPEC+ countries will raise oil output targets by 188,000 barrels per day in June, the [] The post OPEC+ agrees third oil output quota hike appeared first on Egyptian Gazette.
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