OPEC+ Approves Another Oil Output Hike for July | EN590 Commodities
EN590 Commodities GroupCrude Oil June 08, 2026
OPEC+ Approves Another Oil Output Hike for July Russia allegedly explored covert measures,… What I Cover
Irina Slav has been writing about global energy markets since 2007, covering the oil and gas industry, energy security, commodities, and the… OPEC+ this Sunday decided to add another 188,000 barrels of crude to its collective production next month despite the ongoing disruption in the Middle East resulting from the U.S. and Israeli war against Iran. The group has approved a series of output hikes totaling close to 600,000 barrels daily since April, but this has remained largely on paper as a lot of big producers in the Middle East cannot restore production to pre-war levels due to the continued blockage in the Strait of Hormuz. The latest 188,000 barrels in daily output would add to th
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