OPEC+ is preparing to increase oil production only on paper
OPEC+ is likely to vote today to increase oil production, four Reuters interlocutors at the organization told Reuters. But the decision will largely be of only a symbolic nature, since the key participants of the cartel - primarily Saudi Arabia, the UAE, Kuwait and Iraq - will not be physically able to increase supplies in the context of the US and Israeli war against Iran and the blockade of the Strait of Hormuz. The situation is aggravated by other members of the alliance.