OPEC+ announces sharp increase in July oil production

OPEC+ announces sharp increase in July oil production
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Saturday 31 May 2025 - 12:30

Saudi Arabia, Russia and the six other OPEC+ members announced on Saturday a huge increase in crude production for July.

They will produce 411,000 barrels a day — the same amount as in May and June — according to a statement, which is more than three times greater than the group had previously planned.

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