Saudi Arabia, Russia, and six other key OPEC+ members said on Sunday that they have agreed to increase oil production by 547,000 barrels per day in an effort to regain market share amid persistently high crude prices. “The eight participating countries will implement a production adjustment of 547,000 barrels per day in September 2025, based on the required production level for August 2025,” read the statement issued by the OPEC+ members. (AFP)
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