Aug. 3 at 11:34 AM
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OPEC+ approves September oil increase, Reuters reports
OPEC+ has approved a roughly 188,000 barrels-per-day production quota increase for September, completing the rollback of its 2023 voluntary output cuts, though actual supply growth is expected to remain limited due to ongoing export disruptions in key producing countries, Reuters' Alex Lawler, Ahmad Ghaddar, and Olesya Astakhov report. Publicly traded companies in the space include BP (BP), Chevron (CVX), ConocoPhillips (COP), Exxon Mobil (XOM), Shell (SHEL) and TotalEnergies (TTE).