Jul 05 2025BUSINESS
OPEC+ Speeds Up Oil Production Plans
Oil production is getting a boost. OPEC+ has decided to increase its output faster than planned. This move comes as summer demand for oil is high. The group, led by Saudi Arabia, is looking to regain market share. Eight key members of the alliance met and agreed to raise production by 548, 000 barrels per day in August. This is a significant increase. Originally, th...
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