OPEC+ to raise oil output by 188,000 bpd amid geopolitical tensions

OPEC+ raises oil output by 188,000 bpd amid war and attacks, but prices stay elevated as supply risks persist.

Key takeaways

• OPEC+ Announces 188,000 bpd Oil Production Increase Despite Rising Geopolitical Risks
• OPEC+ will boost oil output by 188,000 barrels per day starting July, a move that lands as global supply chains strain under escalating conflict in Eastern Europe and ...
• The incremental increase—spread across several member states—marks OPEC+’s first coordinated supply uptick since the group slashed production by over 2 million bpd in ...
• This output decision arrives amid persistent attacks on energy infrastructure in Ukraine and heightened uncertainty around Iranian and Israeli oil flows. The group’s c...

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