OPEC+ raises output quotas by 188,000 bpd for July

Oil slides after OPEC reschedules Tuesday’s meeting for more talks

Oil prices, which had been on track to increase by over 20 percent last month, fell early Tuesday.

OPEC+ ministers decided Sunday to increase oil quotas by a total of 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. Jorge Leon, analyst at Rystad Energy, said ahead of the expected increase that it “means ve

```

Members Only

Login or create an account to continue

This article is available to registered BusinessDay readers. Please login if you already have an account, or create a new account to continue reading.

New to BusinessDay? Register now and start reading.

```