OPEC+ Approves Another Oil Output Increase As Hormuz Exports Start To Recover
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Source: Zero Hedge
Published: 2026-07-06 06:55 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Energy, World News
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Snippet:
OPEC+ agreed a further increase in output targets from August, the group said in a statement on Sunday, adding to global supply at a time when oil prices are falling due to the gradual reopening of the Strait of Hormuz for oil exports.
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