October 27, 2026
Business

8 OPEC members agree to increase oil production once Strait of Hormuz becomes navigable again(Soban News)

The OPEC plans to expand oil production quotas by 206,000 barrels daily for May. This marginal increase will primarily exist as a formal gesture, given that major members find it impossible to boost output amid the ongoing US-Israeli conflict with Iran

​The OPEC plans to expand oil production quotas by 206,000 barrels daily for May. This marginal increase will primarily exist as a formal gesture, given that major members find it impossible to boost output amid the ongoing US-Israeli conflict with Iran by Soban News (international And National News)

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