OPEC+ likely to raise output targets by 188,000 bpd in August
July 1, 2026
(Investing) – OPEC+ oil-producing countries are reportedly likely agree to increase their output targets from August when they meet on Sunday. The move would add supply at a time when prices are falling as the Strait of Hormuz gradually reopens. The target will increase by about 188,000 barrels per day for August, matching the increases for June and July, a Reuters
