Categories: World

UPDATE 4-OPEC+ decides on fourth oil quota hike since Hormuz closure

* OPEC+ raises targets by 188,000 bpd from July * Hike is fourth increase in as many months * Most cannot meet targets due to Hormuz closure *…

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Published by Editorial Webdesk
Published: June 7, 2026 19:52:18 IST

* OPEC+ raises targets by 188,000 bpd from July * Hike is fourth increase in as many months * Most cannot meet targets due to Hormuz closure * Group-wide OPEC+ policy expected to remain unchanged (

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Published by Editorial Webdesk
Published: June 7, 2026 19:52:18 IST

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