Reuters
02 Aug 2026, 07:04 UTC · 2h ago
OPEC+ has agreement in principle for September quota increase and pause thereafter, source says
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Reuters
02 Aug 2026, 07:04 UTC · 2h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
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OPEC+ has agreed in principle to increase oil output targets by approximately 188,000 barrels per day starting in September. — Increased supply typically puts downward pressure on crude oil prices, though the volume is relatively small.
-0.40OPEC+ intends to pause production target increases during the fourth quarter. — A freeze on further increases prevents a supply glut and provides a floor for prices in late 2024.
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