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OPEC+ Agrees Another Symbolic Quota Hike for July

OPEC+ Agrees Another Symbolic Quota Hike for July
Bloomberg Markets Sunday 07 June 2026, 12:55 UTC By Grant Smith, Fiona MacDonald, Salma El Wardany, Nayla Razzouk 1 min read
Key Points

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Sunday, April 5, 2026. The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. Photographer: Andrey Rudakov/Bloomberg

The headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna, Austria, on Sunday, April 5, 2026. The United Arab Emirates will leave OPEC and its wider alliance, dealing a blow to the group and its leader Saudi Arabia as the global oil industry grapples with the massive supply disruption caused by the Iran war. Photographer: Andrey Rudakov/Bloomberg
the Organization of the Petroleum Exporting Countries (ORG) OPEC (ORG) Vienna (LOCATION) Austria (LOCATION) The United Arab Emirates (ORG) Saudi Arabia (LOCATION) the Iran war (EVENT) Andrey Rudakov/Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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