OPEC+ ministers decided on 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 Middle East war.
Jorge Leon, analyst at Rystad Energy, said ahead of the expected increase that it “means very little while the Strait of Hormuz remains closed”.
He added: “The market is not short of…
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