08.07.2025, 09:52

OPEC+ member states to increase oil production by 548,000 bpd in Aug due to healthy market, sustainable outlook

MOSCOW. July 8 (Interfax) - The eight OPEC+ member states, which decided to voluntarily limit oil production by 2.2 million barrels a day (bpd) in 2023, namely, Saudi Arabia, Russia, Iraq, the United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman, will increase production quotas by 548,000 bpd in August, the OPEC said in a statement on Saturday.

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