OPEC distribution

OPEC+ agrees to September oil quota hike, plans Q4 pause

Major OPEC+ nations have agreed in principle to raise their collective production quota by 188,000 barrels per day for September, according to delegates and sources familiar with the talks ahead of a video conference on Sunday. The move, led by…

OPEC+ set to raise output again as Brent tops $100

OPEC+ is widely expected to approve another production increase of 188,000 barrels per day for September when its seven key members convene virtually on August 2, continuing a pattern of modest monthly quota hikes even as Brent crude has surged…