OPEC+ announces sharp increase in July oil production
Federaţia Rusă
VIENNA Saudi Arabia, Russia and six other key OPEC+ members announced on May 31 a huge increase in crude production for July. They will produce an additional 411,000 barrels a day, the same target set for May and then June, according to a statement, which is more than three times greater than the group had previously planned. In recent years the 22-nation group had agreed to daily reductions of 2.2 million barrels with the aim of boosting prices. But in early 2025, leading members of the group
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