8 Days
Source:
AL24 News
OPEC+ plans 188K barrel July hike
OPEC+ coalition countries, including Saudi Arabia and Russia, have agreed to increase oil production by 188,000 barrels per day next July as part of their efforts to maintain market stability. This decision comes within the framework of additional voluntary adjustments announced in April 2023, with a focus on fully offsetting the excess since January 2024, a measure whose implementation will be extended until the end of 2026. The countries will continue monitoring the market and may make future adjustments, holding monthly meetings to review compliance and production levels.
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