OPEC Oil Output Surges in July, Driven by Gulf Nations and Iraq, Reuters Survey Shows

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Economics

10 August 2026 at 10:20 pm

OPEC Oil Output Surges in July, Driven by Gulf Nations and Iraq, Reuters Survey Shows

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Summary

OPEC's oil production increased to 19.85 million barrels per day in July, driven by Gulf nations resuming supplies and significant gains from Iraq. Iran also boosted exports, while Libya maintained production despite regional conflicts.

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