OPEC+ Increases July Output Target by 188,000 Barrels Per Day

According to Jin10 data, OPEC+ raised its July output target by 188,000 barrels per day on June 8. Saudi Arabia, the bloc's largest producer, cut its primary crude prices for Asia for a second consecutive month. Survey data also showed OPEC crude production fell to its lowest level in at least 37 years in May.
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