OPEC+ maintains gradual output restoration despite Middle East disruptions

Key members of OPEC+ are expected to maintain their gradual approach to increasing oil production quotas in the coming months, as the alliance moves toward fully reversing a previously suspended tranche of output cuts by September, at least in principle.
According to a Bloomberg report on Thursday, the group has already reinstated roughly two-thirds of the 1.65 million barrels per day production cut agreed in 2023, with plans to roll out further quota increases in three additional monthly phases.
However, the impact of these planned increases remains limited in practice, as escalating tensions linked to Iran continue to disrupt key Middle Eastern supply routes, including flows throug...