Energy · 43 views
OPEC Output Climbs Again, But Still Trails Quota Targets
What I Cover Tsvetana Paraskova is an energy and commodities journalist who has contributed to Oilprice.com for nearly a decade, covering global energy markets, commodities,… OPEC’s total oil production jumped by 1.17 million barrels per…
AI Summary
OPEC’s total oil output rose by 1.17 million barrels per day in July compared with June, as Gulf producers reinstated volumes that had been halted for three months because of the closed Strait of Hormuz. This increase shows a recovery in production but still leaves overall output below the organization’s quota targets.
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