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Article CNBC Top Stories

OPEC+ set for another oil output quota hike despite Hormuz closure, sources say

CNBC Top Stories May 2, 2026 · 3:18 pm Read Original
Bearish -55.0
−100 Bearish 0 +100 Bullish
OPEC+ set for another oil output quota hike despite Hormuz closure, sources say

The output increase will remain largely on paper as long as the U.S.-Iran war continues to disrupt Gulf oil supplies.

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Article Info
Source CNBC Top Stories
Published May 2, 2026 · 3:18 pm
Article ID taeztcg
Original URL Open source
Sentiment Signal
Bearish -55.0
−100Neutral+100
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