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OPEC agrees on another oil production boost as Strait remains blocked
Posted on 4/5/26 at 7:31 pm
Posted on 4/5/26 at 7:31 pm
quote:
April 5 (UPI) -- Members of the Organization of the Petroleum Exporting Countries said Sunday they will again modestly boost oil production as war rages in Iran and the Persian Gulf, although the move is largely symbolic as the Strait of Hormuz remains closed.
As first they did in March, the eight OPEC+ countries -- Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman -- on Sunday agreed to a 206,000 barrel-per-day production increase amid attacks by Iran on the oil and gas facilities of several of its members in the Persian Gulf.
https://www.yahoo.com/news/articles/opec-agrees-another-oil-production-210450404.html
Posted on 4/5/26 at 8:09 pm to loogaroo
Russia should be telling Iran to fricking surrender. Their antics are keeping them from advancing in Ukraine.
Posted on 4/5/26 at 8:48 pm to loogaroo
quote:
Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman -- on Sunday agreed to a 206,000 barrel-per-day production increase amid attacks by Iran on the oil and gas facilities of several of its members in the Persian Gulf.
Best of luck with that
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