Sources: OPEC+ to increase production by approximately 188,000 barrels per day in July

According to Odaily, three sources said that OPEC+ oil-producing countries are likely to agree on further increasing crude oil production quotas for June at their meeting on Sunday. However, the Iran war has so far prevented some countries from achieving their previous production increase targets. If production quotas are raised again, it would signal that the organization is gradually returning to normal operations, despite disruptions caused by the blockade of the Strait of Hormuz and the unexpected withdrawal of the UAE in May. According to sources, OPEC+ is expected to increase production by about 188,000 barrels per day in July, the same increase as agreed for June, after the increase was reduced from 206,000 barrels per day due to the UAE's withdrawal. (Jin Shi)