OPEC+ announces quicker-paced oil output increase

NAMPA / Xinhua

2025-07-06

VIENNA, July 5 (Xinhua) -- OPEC and its allies, collectively known as OPEC+, announced the decision on Saturday to increase oil output by 548,000 barrels per day (bpd) in August, a faster move compared with July. In July, the OPEC+ countries saw an oil output increase of 411,000 bpd amid a plan to gradually unwind their most recent layer of output cuts. Saturday's decision was made during a virtual meeting where member countries, including......

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