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The Economic Times
The Economic Times
Business

OPEC+ leaders expected to up July oil output target despite Hormuz disruption, sources say

OPEC Oil Iran

Seven leading OPEC+ oil-producing countries will likely agree to a modest hike to July output when they meet on June 7, four sources ‌said, though delivery for ⁠several ⁠remains disrupted by the Iran war.

The monthly target set by seven core OPEC+ members ​is expected to be raised by about 188,000 barrels per day, the sources said.

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