OPEC+ to Increase Oil Output by 188,000 bpd in August

Rigzone / Al Jazeera / Enerdata · Jul 06, 2026 00:00

Seven core OPEC+ members, including Saudi Arabia and Russia, agreed to raise their combined production target by 188,000 barrels per day for August 2026. This marks the fifth consecutive monthly increase, continuing the gradual unwinding of voluntary cuts.