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

The Associated Press · Jul 06, 2026 00:00

Seven OPEC+ members, including Saudi Arabia and Russia, announced on July 6, 2026, plans to expand oil production by a combined total of 188,000 barrels per day in August. This marks the fifth consecutive month of agreed output increases, potentially easing global oil supply concerns.