OPEC+ Boosts Oil Production Despite Vows to Cut ...Middle East

The OPEC+ group boosted its oil production in July and increased the overproduction above its implied target as the three producers that have pledged to compensate for exceeding quotas continued to pump well above their respective ceilings, according to the Platts OPEC+ survey from S&P Global Commodity Insights. OPEC+ saw its total crude oil production rise by 160,000 barrels per day (bpd) last month compared to June, to 41.03 million bpd, the Platts survey found.     That’s 437,000 bpd over the total target for July and…

Hence then, the article about opec boosts oil production despite vows to cut was published today ( Friday 09/08/2024 - 02:34 PM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( OPEC+ Boosts Oil Production Despite Vows to Cut )

Also on site :

• ‘Hidden helpers’ supporting people struggling to manage their finances digitally
• TP Receives Frost & Sullivan's 2026 India Company of the Year Recognition for Excellence in Customer Experience Management Services
• Kenya: President Ruto Warns No Mercy for Oil Cartels As Fuel Scandal Investigation Deepens