Source: International Business Times
Close up image of a smartphone displaying an oil symbol in front of financial market charts illustrating the rise in global oil prices linked to tensions between Iran and the United States. Imen Ben Youssef / Hans Lucas / AFP via Getty Images Oil production quota will increase from September amid the supply disruptions spurred by the Middle East and the Russia-Ukraine conflicts. The OPEC+ on Sunday agreed to increase the output to around 188,000 barrels per day, according to a Reuters report.
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