13 Jul 2026

20:46

  • Bitumen 60/70

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    -

    15$

    FOB Bandar Abbas - New Steel Drum

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    15$

    FOB Bandar Abbas - New Steel Drum

    -1.2%

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    398$

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    -1.2%

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    586$

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    404$

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    15$

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    -1.2%

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    368$

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    FOB Bandar Abbas - Carton 25KG

    -1.3%

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    368$

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    FOB Bandar Abbas - Carton 25KG

    -1.3%

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    FOB Bandar Abbas - Reconditioned Drum

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    London - Bulk

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Home Blog OPEC+ Plans Another Output Hike. The Market Barely Notices.

OPEC+ Plans Another Output Hike. The Market Barely Notices.

codarx

codarx

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Update date: 2026/07/02

The seven-member group of OPEC+ oil producers that has been restraining production since 2023 is set to extend a series of output quota hikes they launched after the U.S. and Israeli strikes on Iran that set off the latest war in the Middle East. Yet the UAE is already shipping record volumes of crude abroad, right after it quit OPEC. According to unnamed sources who spoke to Reuters, the OPEC seven, including Saudi Arabia, Russia, Iraq, Kuwait, Algeria, Kazakhstan, and Oman, will likely decide to boost their production quotas for August by another…

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