Seven Opec+ countries have announced a second consecutive monthly increase in oil production, agreeing to raise output by 188,000 barrels per day (bpd) in July 2026

The next meeting will be held on July 5

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,…

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…