CommoditiesAugust 2 at 04:54 AM

OPEC+ likely to raise quotas by about 188,000 bpd for September, then pause: OPEC+ delegate and source

StockNow breaking-news AI analysis

OPEC+ will raise September quotas by 188,000 bpd to complete cut reversals, followed by a four-month pause amid Middle East supply risks and difficult 2027 quota negotiations.

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Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

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The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Geopolitics

OPEC+ likely to raise quotas by about 188,000 bpd for September, then pause: OPEC+ delegate and source

What do investors think?

Today's market highlights

Gulf official tells CNN “50:50” chance US and Iran could reach deal by Friday, CNN reports; Iranian delegation does not include IRGC, which would need to sign off on details of provisional agreement

The draft agreed to by Iranian and Omani negotiators awaits final approval from Iran’s supreme leader, two regional officials told The Associated Press on Wednesday

Only 'one or two issues' remain unresolved in Iran-Oman talks, a senior diplomatic source tells Al Jazeera