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OPEC+ member countries adjust production, reaffirm commitment to oil market stability
RIYADH: The seven OPEC+ member countries, including Saudi Arabia, Russia, Iraq, and Kuwait, as well as Kazakhstan, Algeria, and Oman, which had previously announced additional voluntary production adjustments in April and November 2023, held a virtual meeting on July 5 to review the latest developments and outlook for the oil market. In line with their commitment to supporting oil market stability, the seven participating countries decided to implement an adjustment to production levels of 188,000 barrels per day from the total additional voluntary adjustments announced in April 2023.
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economictimes.indiatimes.com
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