OPEC+ plans to halt production rises after September

OPEC+ coalition countries are heading toward maintaining current oil production levels for three months starting from October, following a potential increase in September. This move aims to preserve the existing production cuts of around 2 million barrels per day, amid challenges posed by some countries' demands to raise their quotas and the market instability caused by the war in Iran. A final decision is expected at a meeting, likely scheduled for August 2nd, to determine future production targets.

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