OPEC+ agrees to increase oil production in August
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The "Seven" of OPEC+ (Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman) agreed to increase oil production in August by 188 thousand barrels per day compared to the July level.
Reuters reports this, citing a source.
According to two other sources of the publication, increasing quotas is the most likely option for the final decision.
The start of the "Seven" meeting is scheduled for 14:00 Baku time.
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