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FILE. Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility, in Jiddah, Saudi Arabia, 21 March 2021

Economy

Video. OPEC+ agrees another modest output rise as oil prices continue to fall

Updated: 06/07/2026 - 18:37 GMT+2

Seven countries in the OPEC+ alliance agreed to lift their combined oil output by a modest 188,000 barrels per day in August, adding supply just as crude prices slide back to levels not seen since before the Iran war erupted.

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