OPEC+ agrees third oil output quota hike since Hormuz closure
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Article Excerpt
OPEC+ agrees to third oil output quota hike since Hormuz closure
ALEX LAWLER AND OLESYA ASTAKHOVA AND AHMAD GHADDAR
REUTERS
PUBLISHED MAY 3, 2026
Open this photo in gallery:
A barrel with the OPEC logo during the COP29 conference in Baku, Azerbaijan, in 2024.
MAXIM SHEMETOV/REUTERS
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OPEC+ agreed on Sunday a modest oil output hike for June, an increase that will remain largely on paper as long as the Iran war continues to disrupt Gulf oil supplies through the Strait…
Read full article at The Globe and Mail ↗
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