69 Days
Source:
عين ليبيا
OPEC+ increases oil production by 2.1 million barrels per day, but supplies remain below target
OPEC+ alliance countries increased their oil production by 2.1 million barrels per day in June 2026, but it still remains 7.5 million barrels per day below the targeted goal. The International Energy Agency indicated that the outlook for global oil demand in 2026 will decline by 1.05 million barrels per day to reach 103.463 million barrels, while global oil production is expected to decrease by 3.65 million barrels to 102.60 million barrels per day. The OPEC+ alliance, which includes OPEC and several producers such as Russia, influences the global oil market balance and price direction through its supply decisions.
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