Categories: Business

OPEC+ approves fourth straight oil output hike, raises July targets by 188,000 bpd

OPEC+ agreed to a fourth consecutive oil production target increase of 188,000 barrels per day from July, despite ongoing US-Iran conflict disruptions. This decision comes as major Gulf producers struggle to meet demand due to export issues through the Strait of Hormuz.

The News Vista

Share
Published by
The News Vista

Recent Posts

UPI reaches new milestone with highest-ever transaction value of Rs 29.88 lakh crore

India's UPI platform achieved its highest monthly transaction value ever. In July, transaction volumes also…

1 hour ago

‘Sexually explicit language’: Complaint over Insta video targeting Rahul Gandhi

A KPCC Legal Cell member filed a police complaint regarding an Instagram post. The post…

1 hour ago

Happy Friendship Day 2026: 50 wishes, messages and quotes to share

Friendship Day 2026 falls on Sunday, August 2, celebrating connections. The article offers fifty wishes…

1 hour ago

Fire breaks out at judicial magistrate’s office in Bihar; records reduced to ashes

A significant fire erupted at the Judicial Magistrate First Class office on Saturday morning. The…

1 hour ago

DMK moves SC seeking immediate release of Cauvery water from Karnataka to Tamil Nadu

The DMK has petitioned the Supreme Court for immediate Cauvery water release from Karnataka. Karnataka's…

1 hour ago