OPEC+ members agree to larger-than-expected oil production hike in August
CNBC: Energy
JULY 5, 2025
They initially set out to boost their production by 137,000 barrels per day every month until September 2026, but only sustained that pace in April. Under the second strategy, the countries reduced their production by an additional 2.2 million barrels per day until the end of the first quarter.
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