A group of OPEC+ members met Sunday and agreed to increase their oil output once the Strait of Hormuz is reopened. The plan is set to be implemented in May, and the countries said they would plan to produce an additional 206,000 barrels per day upon the waterway reopening, according to a press release. Eight…
OPEC+ agrees to boost output when Strait of Hormuz reopens
Originally reported by The Hill. Read the full story at the original source.
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