OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East
July 13, 2026
July 13, 2026
WASHINGTON, July 13 [Category: Energy] -- The Institute for Energy Research posted the following commentary:
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OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East
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Key Takeaways
1 Oil prices had returned to pre-Iran war levels as oil continued to transit the Strait of Hormuz, and OPEC+ announced production increases of 188,000 barrels per day starting in August.
2 Strikes between th . . .
* * *
OPEC+ Ups Its Production Quota for August, but Fighting Resumes in the Middle East
*
Key Takeaways
1 Oil prices had returned to pre-Iran war levels as oil continued to transit the Strait of Hormuz, and OPEC+ announced production increases of 188,000 barrels per day starting in August.
2 Strikes between th . . .
