OPEC+ Agrees to Raise Production in August

published:05/07/2026 05:03 GMT

Opec+ agrees to boost oil output by 188,000 bpd in August Sun, 05 Jul 2026 SHARE 1/7 Opec+ agrees to boost oil output by 188,000 bpd in August Seven Opec+ members have agreed to raise oil production by 188,000 barrels per day in August 2026 as part of a gradual adjustment to the additional voluntary output cuts introduced in April 2023. The decision was reached during a virtual meeting on July 5 involving Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. The group said the...More