OPEC+ increases oil production by 548 thousand b/d – Crude Oil – 3 August 2025
In August, eight OPEC+ countries, including Russia and Saudi Arabia, plan to increase oil production by 548 thousand bpd. Earlier, since the beginning of 2024, these countries, including Iraq, the United Arab Emirates, Kazakhstan, Algeria, Oman and Kuwait, voluntarily reduced oil production by a total of 2.2 million bpd. However, since April 2025, countries have … Read more