OPEC+ Agrees in Principle on 188K B/D Quota Hike, Delegates Say

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace...

By Salma El Wardany, Fiona MacDonald · Bloomberg Markets

OPEC+ has a preliminary agreement for another modest oil quota increase in August, delegates said, raising the prospect of more supply eventually hitting the market again if a US-Iran peace pact can stick.