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Source:
وكالة الأنباء القطرية
OPEC Plus to raise July oil quotas
OPEC Plus has decided to adjust oil production levels by increasing output by 188,000 barrels per day starting from July 2026. This decision was made during a virtual meeting involving Saudi Arabia, Russia, and five other countries. The move is part of efforts to manage the market and the commitment of the member countries to compensate for excess production until the end of December 2026. This comes amid ongoing tensions in the Middle East and expectations of future measures to monitor market developments. This is the fourth increase in four months, amidst continued fluctuations in oil prices.
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