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The Economic Times

Top News / The Economic Times

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OPEC+ tipped to raise oil output as Middle East war disrupts supplies

OPEC+ members are expected to increase oil production quotas for September. This move follows several months of similar production adjustments by the group. Many members face production capacity declines, making target increases less meaningful. Gulf countries struggle with exports due to Strait of Hormuz disruptions. Russia's oil infrastructure has also faced repeated drone attacks.

2 Aug 2026 8:11 am