OPEC+ to Boost Oil Production by 188,000 bpd in August

World Oil, Al Jazeera, Rigzone, L'Orient Today · Jul 05, 2026 00:00

Seven OPEC+ members, including Saudi Arabia and Russia, agreed to increase collective oil production by 188,000 barrels per day starting in August 2026. This marks the fifth consecutive monthly increase, continuing the gradual rollback of voluntary cuts.