OPEC+ countries boost oil production by 2.17 mln bpd in June but remain below target — IEA

AI Summary

OPEC+ countries increased oil production by 2.17 million barrels per day in June but remained below the target output level of 33.89 million bpd. Actual production was reported at 26.38 million bpd, reflecting ongoing challenges in meeting voluntary production limits.

According to the IEA, the target production level for OPEC+ countries voluntarily limiting oil output stood at 33.89 mln bpd in June, while actual production amounted to 26.38 mln bpd