June 12, 2026
‎OPEC+ to adjust production by 188,000 bpd starting in July

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Seven OPEC+ countries, Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, met virtually on June 7, 2026, to review global market conditions and prospects.

The seven countries decided to adjust their production by 188,000 barrels per day (bpd) from the additional voluntary cuts announced in April 2023…
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