OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory
- Posted on July 5, 2026
- By International Business Times
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- 1 min read
OPEC+ Raises Output Target For August. Smooth Sailing Seen For Oil Price Trajectory
OPEC+ has agreed to a provide a significant boost to oil output by raising targets from August aimed to further add to global oil supplies after the Middle East conflict spurred prices to as high as $120 a barrel.
