Home News OPEC+ to increase production quota by 188,000 bpd from September

OPEC+ to increase production quota by 188,000 bpd from September

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The Organization of Petroleum Exporting Countries (OPEC) and its allies have agreed to increase the production quota by 188,000 barrels per day (bpd).

In a statement on Sunday, OPEC said the decision was reached during a virtual meeting of the seven member-countries that had previously implemented additional voluntary adjustments in April and November 2023

The cable