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OPEC Plus to raise Sept oil output
The OPEC+ coalition, which includes Saudi Arabia, Russia, and several other countries, has agreed to increase oil production by 188,000 barrels per day starting from September 2026, as part of their commitment to support the stability of the oil market. This increase is part of the voluntary adjustments previously announced in April and November 2023, intended to compensate for excess production and to strengthen market balance. The member countries will continue holding monthly meetings to review the oil market and compliance levels, aiming to maintain continuous stability in the oil industry.
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