Market-moving news and intelligence across global energy markets.
OPEC+ nations will increase oil output by 188,000 bpd in August, marking the fifth consecutive hike as Gulf exports recover post-US-Iran peace pact.
OPEC+ will increase oil output by 188,000 bpd in August as Strait of Hormuz exports recover, pushing Brent crude prices to pre-war levels around $72/bbl.
OPEC+ nations will increase crude production by 188,000 bpd in August, continuing a gradual supply hike as Strait of Hormuz exports improve and Brent price
OPEC+ agreed to increase oil output by 188,000 bpd from August as Strait of Hormuz exports recover, pushing Brent crude prices to pre-war levels.
Saudi Arabia's crude exports are nearing pre-war levels, extending the recovery in Persian Gulf flows and heightening prospects of a global supply surplus,
Saudi Arabia approved a July 2026 OPEC+ output hike it cannot deliver, with Brent crude below breakeven, as the Strait of Hormuz remains closed.
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