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OPEC+ revises output, reaffirms stability
The OPEC+ member countries agreed to modify oil production by 188,000 barrels per day starting from July 2026, as part of their efforts to support market stability. The adjustments announced in April 2023 include the possibility of a gradual redistribution based on market conditions, with a commitment to monitor implementation and compensate for excess production from January 2024 through the end of December 2026. The countries will hold monthly meetings to track compliance and market developments, with the most recent meeting having taken place on June 7, 2026.
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