OPEC+ to boost daily oil output

The seven countries in the OPEC+ alliance have decided to increase oil production by 188,000 barrels per day starting from September 2026, with the aim of enhancing global oil market stability and compensating for excess quantities since January 2024. This decision was made during a virtual meeting to review market conditions and future prospects, with the Joint Compliance Monitoring Committee continuing to oversee the implementation. The countries will hold monthly meetings to monitor developments and take necessary decisions to ensure market balance.

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