OPEC+ to boost crude oil production in August

Washington DC (UPI) Jul 5, 2025

Eight OPEC+ nations on Saturday agreed to increase their crude oil production by 548,000 barrels per day starting in August. Of the dozen Organization of Petroleum Exporting Countries, five voted to increase the output: Saudi Arabia, Algeria, Iraq, Kuwait, United Arab Emirates. There are 10 subset members with Russia, Kazakhstan and Oman joining the member nations in boosting production