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

Energy Markets & PricesCommodities & Raw MaterialsGeopolitics & War

OPEC+ is expected to approve a fourth consecutive monthly increase in oil output targets on Sunday, despite the U.S. war with Iran limiting some members' ability to pump more. The move is relevant for crude supply expectations and oil pricing, but the article provides no specific volume change or immediate market reaction.

Analysis

OPEC+ is expected to approve a fourth consecutive monthly increase in oil output targets on Sunday, despite the U.S. war with Iran limiting some members' ability to pump more. The move is relevant for crude supply expectations and oil pricing, but the article provides no specific volume change or immediate market reaction.

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