OPEC+ to raise oil output after Hormuz re-opens; raises May quotas by 206,000 bpd
- Posted on April 5, 2026
- By Financial Express
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OPEC+ to raise oil output after Hormuz re-opens; raises May quotas by 206,000 bpd
OPEC+ has agreed to raise oil output by 206,000 bpd for May, but ongoing disruptions in the Strait of Hormuz mean the increase may have limited real impact.
