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Opec+ to increase oil output quotas from August
Opec+
Global
July 5, 2026
This article is generated by cross-referencing multiple sources and official announcements. Parts relying solely on testimony or reporting are reflected in the confidence score; content and assessment are updated as new information is confirmed.
Opec+ is set to agree on an output increase of 188,000 barrels per day starting August. The decision follows ongoing supply disruptions caused by the closure of the Strait of Hormuz.