78 Days
Source:
النهار أونلاين
OPEC increases output by 3.3 million bpd in June
OPEC recorded an increase in oil production of 3.3 million barrels per day in June, reaching 19.43 million barrels per day, after hitting its lowest level in over two decades. This rebound follows the resumption of Gulf countries' oil supplies that had been halted during the Iran war and the closure of the Strait of Hormuz. The largest increases were observed in Kuwait and Iran, with additional increases in Saudi Arabia, Iraq, Nigeria, and Libya. This change reflects the recovery of production levels after a significant decline during the COVID-19 pandemic.
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