OPEC+ Agrees to Raise Output Quotas by 206,000 bpd for May as Iran War Triggers One of the Worst Oil Shocks in History

OPEC+ has agreed in principle to increase its collective oil production quotas by 206,000 barrels per day for May, three sources familiar with the group’s talks told Reuters on Sunday. The move, however, amounts to little more than a paper adjustment while the U.S.-Israeli war with Iran continues to paralyze the world’s most vital oil […] The post OPEC+ Agrees to Raise Output Quotas by 206,000 bpd for May as Iran War Triggers One of the Worst Oil Shocks in History appeared first on Tekedia.

  Business   Apr 6, 2026   0   6  Add to Reading List
OPEC+ Agrees to Raise Output Quotas by 206,000 bpd for May as Iran War Triggers One of the Worst Oil Shocks in History

OPEC+ has agreed in principle to increase its collective oil production quotas by 206,000 barrels per day for May, three sources familiar with the group’s talks told Reuters on Sunday. The move, however, amounts to little more than a paper adjustment while the U.S.-Israeli war with Iran continues to paralyze the world’s most vital oil […]

The post OPEC+ Agrees to Raise Output Quotas by 206,000 bpd for May as Iran War Triggers One of the Worst Oil Shocks in History appeared first on Tekedia.

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