You are using an outdated browser For a better experience using this site, please upgrade to a modern web browser. Subscribe Get Daily Email Subscribe --> Contact Us Sign in Home News & Features Compliance Costs Bunker Prices Bunker Intelligence World News Latest Features World Americas EMEA Asia/Pacific Home News & Features World Seven OPEC+ Members Announce July Output Increase Seven OPEC+ Members Announce July Output Increase by Ship & Bunker News Team Monday June 8, 2026 Tweet Follow @shipandbunker The members have agreed to make a modest production increase of 188,000 b/d from current levels in July. File Image / Pixabay Seven OPEC+ members have agreed to implement an oil production increase in July to support market stability. Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman have agreed to increase production adjustment of 188,000 b/d from current levels in July , OPEC said in a press release on Sunday . The increase is similar to June output increase . “The countries will continue to closely monitor and assess market conditions, and in their continuous efforts to support market stability, they reaffirmed the importance of adopting a cautious approach and retaining full flexibility to increase, pause or reverse the phase out of the voluntary production adjustments, including reversing the previously implemented voluntary adjustments announced in November 2023,” the countries said. Ship & Bunker News Team To contact the editor responsible for this story email us at [email protected] Also in the News Yemen's Houthi Movement Threatens Israeli Ships in Red Sea The group plans first to prevent Israeli ships from transiting the Red Sea, before moving on to stopping the passage of ships bound for Israel. Read in Full Valencia Port Authority Grants LNG Bunker Supply Authorisations to Shell and Axpo The two companies will be able to supply LNG to ships at ports of Valencia, Sagunto and Gandia. Read in Full Iran to Unveil Strait of H