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The Economic Times

Top News / The Economic Times

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OPEC+ set for fourth oil quota hike since Hormuz closure, sources say

OPEC+ is set to raise its oil output targets for the fourth straight month, a strategic move amidst production hurdles faced by some of its member countries. Despite setbacks, prominent players such as Saudi Arabia are striving to align with demand.

7 Jun 2026 1:15 pm