The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.
On July 6, OPEC+ agreed to further increase its oil output targets starting from August. On the same day, exports via the Strait of Hormuz began to recover, potentially contributing to global supplies. On July 7, the extension of production increases was confirmed as Gulf oil flows recovered and prices cooled.