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OPEC+ approves fourth oil output quota hike since Hormuz closure

Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.

OPEC+ approves fourth oil output quota hike since Hormuz closure

Published June 7, 2026 · Category: Finance

Overview

Seven members of OPEC+, which groups OPEC and allied producers including Russia, increased output quotas from April to June by almost 600,000 barrels per day.

Source

Originally published at www.cnbc.com.

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