OPEC+ Announces Symbolic Oil Output Increase for June
OPEC+ has stated that seven major producers will collectively add 188,000 barrels per day to their total production quota for June. This symbolic increase in oil output comes during a period of ongoing geopolitical developments, including the Strait of Hormuz closure.
Seven major producers will add 188,000 barrels per day to their total production quota for June, OPEC+ says.