OPEC Output Further Up in July Led by GCC Producers

published:12/08/2026 06:53 GMT

OPEC oil output rose further in July, a Reuters survey found, as GCC members restored supplies that were shut due to the Iran war and effective closure of the Strait of Hormuz. Output by the 11-member Organization of the Petroleum Exporting Countries rose by 1.17 million barrels per day month-on-month to 19.85 million bpd, the survey found. That extended the recovery from May, which was the lowest monthly figure since at least 2000, according to Reuters surveys, and also well below the levels...More