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OPEC+ Approves August Oil Output Increase While Warning It May Reverse Course

International Business Times UK — July 06, 2026 at 06:22 AM UTC

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OPEC+ Approves August Oil Output Increase While Warning It May Reverse Course

OPEC+ will increase oil production by 188,000 barrels daily from August, continuing to adjust output based on market conditions. Future production changes remain flexible, with monthly reviews planned.