OPEC+ Countries With Voluntary Cuts to Boost Oil Production in June by 411,000 Bpd - OPEC

NAMPA / Sputnik

2025-05-03

MOSCOW, May 3 (RIA Novosti) - Eight OPEC+ countries that adhere to voluntary oil production cuts, including Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman, will increase their oil production limits by an additional 411,000 barrels per day in June from the level in May, according to an official communique by OPEC released on Saturday. "In view of the current healthy market fundamentals, as reflected in the low oil inven......

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