Opec countries announcing an important increase in oil production level in July.
Eight OPEC + countries previously announced volunteer adjustments in April and November 2023 meet May 31 to review world market conditions.
Countries are:
- Saudi Arabia
- Russia
- Iraq
- Uae
- Kuwait
- Kazakhstan
- Algeria
- Oman
OPEC + Oil Production Extension
Due to a steady economic view of the world and present healthy markets, as shown in favor of December 5,2 million guns in 411,000 guns in July 2025 from June 2025 required production level.
This is equivalent to three monthly rises in the rising table below. The gradual increase can stop or change the subject of progress in market conditions.
This flexibility will allow the group to continue to support the strength of the oil market.
The eight Opec + Nations also noticed that this measure will give opportunities for participant countries to facilitate their payment.
Eight countries also spoke to their collective commitment to achieve full conformation with cooperation relations, including additional production changes approved by April 3, 2034.
They also confirmed their intention to fully repay any excess amounts of volume since January 2024.
The eight Opec + Countries make each month meetings to review market situations, conforming, and charge.
Eight countries meet on July 6, 2025 to decide on the level of production in August.
