Seven OPEC+ countries to raise oil output in July
The decision was announced following a virtual meeting attended by Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman, which reviewed global market conditions and outlook. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Seven member countries of the OPEC+ alliance have agreed to increase their oil production by 188,000 barrels per day starting in July. This decision follows a virtual meeting on Sunday where the group reviewed global market conditions.
- An increase of 188,000 barrels per day in oil output for July.
- The decision was made by seven OPEC+ countries: Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman.
- This marks the fourth consecutive month of production increases, highlighting a collective commitment to oil market stability.
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Seven OPEC+ Countries to Raise Oil Output in July - June 2026
Seven member countries of the OPEC+ alliance have agreed to increase their oil production by 188,000 barrels per day starting in July following a virtual meeting where the group reviewed global market conditions. Oil prices experienced an increase as Iran launched missiles at Israel, potentially jeopardizing a fragile ceasefire agreement. President William Ruto has embarked on a week-long European tour to Belgium, Norway, and Finland, with the primary goals of attracting foreign investment, expanding market access for Kenyan exports, and strengthening economic ties.
