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EconomySeven OPEC+ nations raise July oil output by 1.424 million barrels per day

Seven OPEC+ countries increased their oil production in July by 1.424 million barrels per day. The group’s members had previously extended the deadline for making up past overproduction. That deadline now runs until the end of 2026. The development concerns the alliance’s output adjustment and compensation arrangements.

OPEC+oil productionenergy markets

TTASS★★★☆☆2026-08-12 13:17Original

Seven OPEC+ nations raise July oil output by 1.424 million barrels per day
Economy