OPEC+ Nations Announce New Production Hike by 188,000 Barrels Per Day to Support Global Oil Market Stability
New Delhi: Seven OPEC+ countries have agreed to increase oil production by 188,000 barrels per day from July 2026, citing their collective commitment to maintaining stability in the global oil market. The OPEC+ oil cartel, comprising Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria, and Oman, decided after a virtual meeting on Sunday to “review global