OPEC+ members have agreed to raise oil production by 188,000 barrels per day from August, marking the fifth consecutive monthly increase as producers continue to unwind output cuts

OPEC+ members have agreed to raise oil production by 188,000 barrels per day from August, marking the fifth consecutive monthly increase as producers continue to unwind output cuts introduced in 2023. Link OPEC+ countries say they will expand monthly oil production Seven OPEC+ members, including Saudi Arabia and Russia, to increase output by 188,000 barrels per day.