OPEC+ agrees to raise oil production by 648,000 bpd in August

30/06/2022 Argaam

Logo of OPEC

OPEC+ agreed today, June 30, to increase oil output in August, with members supporting the production adjustment plan announced earlier this month.

 

During the fifth meeting since the Russia-Ukraine crisis, the group decided to raise oil production by 648,000 barrels per day (bpd) in August.

 

The statement issued by OPEC+ earlier today indicated that member nations will hold their forthcoming meeting on Aug. 3, 2022.

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