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OPEC+ Agrees in Principle to Raise Oil Output Target by 188,000 bpd From August

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2026-07-05 07:27:17
OPEC+ has agreed in principle to raise its crude oil production target by 188,000 barrels per day starting in August, with the plan expected to be formally confirmed at a meeting on July 5, according to Jiemian News. If approved, the move would extend the group’s gradual output-increase approach.
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