OPEC+ Sticks to July Output Hike Amid Supply Shift

OPEC+ has agreed to raise oil production by 411,000 barrels per day in July, matching increases in May and June. The move reflects the group’s push to restore supply faster than originally planned, despite weak oil prices and internal tensions. Key members like Saudi Arabia and Russia continue to unwind earlier voluntary cuts. The decision also signals confidence in market stability while addressing compliance issues among members.