OPEC+ to Raise Oil Production Cap by 188,000 Bpd in August - Statement

NAMPA / Sputnik

2026-07-05

MOSCOW, July 5 (RIA Novosti) - The seven OPEC+ countries, namely Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, agreed on Sunday to raise the oil production cap in August by 188,000 barrels per day (bpd) from July levels. "In their collective commitment to support oil market stability, the seven participating countries decided to implement a production adjustment of 188 thousand barrels per day from the additional voluntary adj......

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