OPEC+ Seven Members Agree to Modest Output Increase for August

OPEC.org, Al Jazeera · Jul 05, 2026 00:00

Seven core OPEC+ members, including Saudi Arabia and Russia, agreed on July 5, 2026, to increase their collective oil output by 188,000 barrels per day starting in August. This decision continues a phased unwinding of voluntary cuts, though its practical impact is debated given ongoing geopolitical disruptions to shipping routes.