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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
OPEC+ tipped to raise quotas again as Middle East calms
Seven OPEC+ nations, including Saudi Arabia and Russia, are poised to increase oil production quotas for August, aiming to recover from disruptions caused by the Middle East war.…
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OPEC+ adjusts August production, reaffirms stability commitment; next meet August 2
Seven OPEC+ nations, including Saudi Arabia and Russia, have agreed to a 188,000 barrels per day production adjustment starting August 2026. This move partially unwinds voluntary…
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vanguardngr.com
OPEC+ raises quotas again as Middle East calms
Seven OPEC+ members decided on Sunday to again raise oil production quotas as Gulf countries reel from the Middle East war.
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arabnews.com
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…
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nu.nl
Oliekartel OPEC+ verhoogt in augustus opnieuw de olieproductie
Zeven landen van oliekartel OPEC+ hebben zondag besloten de olieproductie in augustus verder te verhogen naar 188.000 vaten per dag. Voor juni en juli werden even grote…
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saudigazette.com.sa
OPEC+ to raise oil production by 188,000 bpd in August
Seven OPEC+ countries agreed to increase oil production by 188,000 barrels per day in August 2026 while reaffirming their commitment to market stability and full compliance with…
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benzinga.com
OPEC+ Agrees To Raise Output Even as Hormuz Shipping Security Remains Uncertain
OPEC+ members agreed to raise their collective oil‑production quotas from August even as crude shipments through the Strait of Hormuz remain uncertain.
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cryptobriefing.com
OPEC adjusts oil production by 188K bpd, meeting set for August 2
OPEC adjusts oil production by 188K bpd. Crude oil reaching a new all-time high by September 30 at 2.5% YES.
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zerohedge.com
OPEC+ Approves Another Oil Output Increase As Hormuz Exports Start To Recover
"The group of seven kept unwinding their production cuts as widely expected. The near-term focus will remain on how many tankers will manage to cross the Strait of Hormuz and how…
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gulfnews.com
Oil prices and OPEC+: What the August production increase really means
OPEC+ to raise oil output by 188,000 bpd from August as Gulf producers unwind cuts, Strait of Hormuz shipping normalises and markets eye price pressures.
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aljazeera.com
OPEC+ countries say they will expand monthly oil production
Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188,000 barrels per day.