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188

OPEC+ to increase oil supply by 188,000 barrels per day

OPEC+ announced an increase in its crude oil supply of 188,000 barrels per day starting in September, following an agreement reached at the organization's fourth meeting on Sunday, August 2. In this regard, the seven member countries – Algeria, Iraq, Kuwait, Saudi Arabia, Kazakhstan, Oman, and…

OPEC+ implements new moderate production increase

The energy ministers of Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman approved increasing crude oil production to 188,000 barrels per day starting in August. This is the organization's fifth consecutive increase, amid…