https://sputniknews.in/20260713/opec-increases-oil-output-by-3-million-bpd-in-june-reports-11634835.html
OPEC+ Increases Oil Output by 3 Million Bpd in June: Reports
OPEC+ Increases Oil Output by 3 Million Bpd in June: Reports
Sputnik India
The oil production of OPEC+ countries increased by 3 million barrels per day in June compared to May, reaching 36.28 million barrels per day, the OPEC said in... 13.07.2026, Sputnik India
2026-07-13T18:17+0530
2026-07-13T18:17+0530
2026-07-13T18:17+0530
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The UAE has officially withdrawn from OPEC and OPEC+ since May 1. Despite this, the June report provides data taking into account its production in the context of OPEC+, however, the country has not had quotas since its withdrawal from the deal.The countries participating in the oil deal were supposed to reduce production from the base level of August 2022, taking into account voluntary restrictions and plans to compensate for overproduction by 4,408 million barrels per day. In fact, the reduction amounted to 11.52 million barrels. Thus, OPEC+ countries produced 7,112 million barrels per day less than their target levels under the deal.
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OPEC+ Increases Oil Output by 3 Million Bpd in June: Reports
The oil production of OPEC+ countries increased by 3 million barrels per day in June compared to May, reaching 36.28 million barrels per day, the OPEC said in its fresh report on Monday.
The UAE has officially withdrawn from OPEC and OPEC+ since May 1. Despite this, the June report provides data taking into account its production in the context of OPEC+, however, the country has not had quotas since its withdrawal from the deal.
"DoC crude oil production in June increased by about 3 mb/d, m-o-m, averaging 36.28 mb/d, as reported by available secondary sources," the report read.
The countries participating in the oil deal were supposed to reduce production from the base level of August 2022, taking into account voluntary restrictions and plans to compensate for overproduction by 4,408 million barrels per day. In fact, the reduction amounted to 11.52 million barrels. Thus,
OPEC+ countries produced 7,112 million barrels per day less than their target levels under the deal.
