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7 OPEC+ nations announce second straight 188,000 bpd output increase for July
Seven OPEC+ nations will boost oil production by 188,000 barrels per day in July 2026, marking a second consecutive monthly increase. This decision follows a similar adjustment for June, as the group gradually eases voluntary supply cuts. The countries emphasized flexibility in managing supply based on market conditions and reaffirmed their commitment to the Declaration of Cooperation.
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tass.com
Seven OPEC+ nations to increase daily oil production in June by 188,000 barrels
The next meeting will be held on July 5
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arabnews.com
Seven OPEC+ producers set modest July output increase
RIYADH: Seven OPEC+ member countries — Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman — will raise oil output targets by 188,000 barrels per day in July,…
