OPEC+ agrees to hike oil output, warns of slow recovery after attacks
The Organization of the Petroleum Exporting Countries (OPEC) has agreed to increase oil output quotas by 206,000 barrels per day for May, a rise that is largely symbolic as some of its key members are unable to raise production due to the US-Israeli war on Iran. The war has effectively blocked the Strait of Hormuz … Read moreOPEC+ agrees to hike oil output, warns of slow recovery after attacks