OPEC agrees on another oil production boost as Strait remains blocked

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April 5 (UPI) -- Members of the Organization of the Petroleum Exporting Countries said Sunday they will again modestly boost oil production as war rages in Iran and the Persian Gulf, although the move is largely symbolic as the Strait of Hormuz remains closed. As first they did in March, the eight OPEC+ countries -- Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman -- on Sunday agreed to a 206,000 barrel-per-day production increase amid attacks by Iran on

Tag-uri: Petrol

OPEC+ agrees to boost oil output when Strait of Hormuz reopens https://www.channelnewsasia.com - 05.04.2026 22:51
OPEC+ agrees to boost oil output when Strait of Hormuz reopens https://www.channelnewsasia.com/ - 05.04.2026 22:47

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OPEC+ agrees to boost oil output when Strait of Hormuz reopens https://www.channelnewsasia.com - 05.04.2026 22:51
OPEC+ agrees to boost oil output when Strait of Hormuz reopens https://www.channelnewsasia.com/ - 05.04.2026 22:47