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OPEC+ Aims to Raise July Production Target

June 2, 2026اقتصاد – الشروق أونلاينechoroukonline.comTranslated from Arabic
OPEC+ Aims to Raise July Production Target

Oil-producing countries in the OPEC+ alliance are moving towards agreeing on a new increase in the production target for next July, despite the ongoing repercussions of the war with Iran that have so far prevented several countries from implementing previously planned production increases, according to three informed sources. The sources cited by Reuters indicated that the expected increase will be around 188,000 barrels per day, a level close to the quantity agreed upon for June, after being adjusted from 206,000 barrels per day to account for the UAE's withdrawal from the OPEC+ alliance at the beginning of May. Read the full content on الشروق أونلاين.

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