OPEC+ members agree larger-than-expected oil production hike in August

cnbc.com/2025/07/05/opec-members-agree-larger-than-expected-oil-production-hike-in-august.html

Eight oil-producing nations of the OPEC+ alliance agreed on Saturday to increase their collective crude production by 548,000 barrels per day, as they continue to unwind a set of voluntary supply cuts.
This subset of the alliance — comprising heavyweight producers Russia and Saudi Arabia,…

This story appeared on cnbc.com, 2025-07-05 11:58:12.344000.
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