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OPEC+ agrees fresh August oil output hike as Strait of Hormuz reopens
The Times of India
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OPEC+ is boosting oil output by another 188,000 barrels daily from August, continuing to reverse earlier cuts.
Despite this, actual supply remains below pre-conflict levels due to disruptions impacting key producers.
Oil prices have already fallen to pre-war figures, influenced by weaker Chinese demand and strategic reserve releases.
The group faces internal shifts with the UAE's exit and Iraq's quota requests. ...
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