Fears of major oil surplus grow as OPEC+ increases supply for fifth straight month
- Posted on July 6, 2026
- By Financial Express
- 0 Views
- 1 min read
Fears of major oil surplus grow as OPEC+ increases supply for fifth straight month
OPEC+ members approve a fifth consecutive monthly output increase, while demand forecasts for 2026 decline amid ongoing geopolitical and market challenges.