Oil slips after OPEC+ agrees to raise output targets - Reuters
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The story
- Oil slips after OPEC+ agrees to raise output targets Reuters
- OPEC+ approves further oil output increase as Hormuz exports start to recover CNBC
- OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering WSJ
- Oil prices hover near pre-conflict levels as OPEC+ boosts output again Fox Business
- OPEC+ Ratifies Planned Oil Quota Hike as Gulf Flows Rebound Bloomberg.com
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How this story developed
Full timelineAlto has tracked this across 2 days of coverage from 1 outlet.
- Oil slips after OPEC+ agrees to raise output targets - ReutersYou are here
- OPEC+ countries say they will expand monthly oil production - Al JazeeraGoogle News
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- • OPEC+ approved a September production increase of 188,000 barrels per day.
- • This move completes the rollback of voluntary production cuts initiated in 2023.
- • Oil prices declined as market supply expectations rose alongside recovering shipping flows in the Strait of Hormuz.
OPEC+ is gradually unwinding previous supply restrictions to stabilize global markets. The cumulative increase since the onset of regional conflict has reached approximately 940,000 barrels per day.
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