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qz
OPEC+ is raising oil output quotas for a fourth straight month — but the Strait of Hormuz is still shut

Seven OPEC+ members approved a 188,000-barrel-per-day increase for July, a move analysts call largely symbolic while Gulf exports remain blocked [...]

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qz
OPEC+ is raising oil output by 188,000 barrels per day in June — but the Strait of Hormuz blockade makes it largely symbolic

The 7-country group agreed to the increase Sunday, its first meeting since the UAE left the oil cartel on May 1 [...]

Match Score: 68.15

qz
OPEC slashes its oil demand forecast as Hormuz blockade hammers output

OPEC production has fallen more than 30% since the Iran war began in late February, with Saudi Arabia pumping at its lowest level since 1990 [...]

Match Score: 64.98

qz
OPEC+ is raising oil output for a sixth straight month, completing its 2023 cut rollback

Seven core OPEC+ members approved a 188,000 barrel-per-day increase for September, finishing the phased reversal of 1.65 million bpd in voluntary cuts [...]

Match Score: 57.10

qz
OPEC+ is raising oil output for a fifth straight month as Hormuz shipping recovers

Seven core members agreed Sunday to add 188,000 barrels per day in August, continuing a gradual unwinding of 2023 production cuts [...]

Match Score: 56.40

qz
U.S. is letting Iranian oil tankers through the Strait of Hormuz, Bessent says

Treasury Secretary Scott Bessent says the U.S. is allowing Iranian oil tankers through the Strait of Hormuz to keep global oil markets well supplied. [...]

Match Score: 53.99

qz
Oil prices rise as OPEC+ increases production

OPEC+ plans to boost oil production by more than 500,000 BPD in August [...]

Match Score: 51.20

thenextweb
China’s electric taxis are blunting the Hormuz oil shock, but only at the margins

China’s crude oil imports fell 41.3% in June from a year earlier to 29.27 million tonnes, the lowest monthly total since October 2016, according to customs data released on 14 July. Five months in [...]

Match Score: 50.88

qz
Oil surges to $104 as U.S. urges allies to reopen the Strait of Hormuz

Oil climbed to $104 as the U.S. pressed allies to help reopen the Strait of Hormuz, keeping traders focused on war and supply risks. [...]

Match Score: 50.16

Destination
The Strait of Hormuz Has Been Closed for 100 Days. Why Aren’t Oil Prices Higher?

President Donald Trump says a secret mission moved 100 million barrels of oil through the blocked Strait of Hormuz. That number is impossible to verify. [...]

Match Score: 50.16