OPEC+ is considering a potential increase in oil output for July, possibly exceeding the 411,000 barrels per day (bpd) hikes made for May and June. Eight member countries have been increasing their production faster than planned, influenced by Kazakhstan’s refusal to cut output, which may lead to discussions for a larger increase. Despite recent price fluctuations, OPEC+ aims to balance the market while managing rising demand, as it has gradually increased production since April to recover from deep cuts made since 2022.
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UK, Jordan coordinate Gaza aid airdrops as calls grow to recognize Palestinian state – Middle East Monitor
Britain is collaborating with Jordan to deliver emergency aid to Gaza via air, as Prime Minister Keir Starmer faces pressure to officially recognize Palestinian statehood amidst Israel's ongoing military offensive that has resulted in over 59,600 Palestinian deaths. A letter from 220 lawmakers has intensified calls for recognition, while international support for Palestine grows, with France expected to follow Spain and Ireland's recent acknowledgments. Want More Context? 🔎
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