OPEC+ raises oil production quotas, warns repairs are costly and slow
The OPEC+ cartel agreed to another rise in oil production quotas and cautioned that repairing energy infrastructure — including facilities affected by the Middle East conflict — is expensive and time-consuming.
OPEC+ agreed Sunday to increase oil production quotas once more. The group warned that repairing energy facilities, such as those damaged in the Middle East war, is costly and takes a long time.