LBCI

OPEC+ says to increase petrol production from August

World News

05-07-2025 | 06:12

Share

Share

OPEC+ says to increase petrol production from August

Saudi Arabia, Russia and six other key members of the OPEC+ alliance on Saturday said they would further increase oil output in August.

They decided to hike production to 548,000 barrels per day, a statement following a meeting in Vienna said. Analysts had expected the alliance to decide on another output increase of 411,000 barrels per day (bpd) -- the same target approved for May, June and July.

The wider OPEC+ group -- comprising the 12-nation Organization of the Petroleum Exporting Countries (OPEC) and its allies -- began output cuts in 2022 in a bid to prop up prices.

AFP

World News

increase

petrol

production

August

Next

Peace with Kurds to gain momentum as PKK starts laying down arms: Erdogan

South Korea's presidential advisor to fly to Washington ahead of tariff deadline

Previous

Recommended For You

Putin says discussed Ukraine peace on 'fair basis' with Trump

11:34

Putin says discussed Ukraine peace on 'fair basis' with Trump

US stops visitor visas for people from Gaza

10:55

US stops visitor visas for people from Gaza

Leaders of France, Germany, UK to host call Sunday for Ukraine allies

09:44

Leaders of France, Germany, UK to host call Sunday for Ukraine allies

Melania Trump sends letter to Putin about abducted children

07:36

Melania Trump sends letter to Putin about abducted children

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Explosion heard near the Mazzeh area of Damascus in Syria, no casualties

Middle East News

14:29

Explosion heard near the Mazzeh area of Damascus in Syria, no casualties

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Hamas says will only allow ICRC access to hostages if aid corridors opened

Israel-Gaza War Updates

2025-08-03

Hamas says will only allow ICRC access to hostages if aid corridors opened

PM Salam reaffirms reform commitment, pushes forward with IMF deal and regional partnerships

2025-04-11

PM Salam reaffirms reform commitment, pushes forward with IMF deal and regional partnerships

Videos

Pregnant journalist Petra Abou Haidar attacked in road rage assault

2025-07-15

Pregnant journalist Petra Abou Haidar attacked in road rage assault

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

2025-07-01

Massive fire erupts at unregulated dumpsite in Bchannine, Zgharta district

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

2025-06-10

Clash between Lebanese Army and residents of Deir Qanoun Al Nahr results in injuries (Video)

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

2025-06-04

Mexico dedicates garden around Lebanese Emigrant Statue in Beirut to mark 80 years of diplomatic ties

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

2025-05-19

President Aoun to seek Egyptian support for Lebanese Army in detecting explosives and tunnels

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

2025-05-15

LBCI Exclusive: US steps up pressure on Hezbollah, Morgan Ortagus details sanctions and vision for Lebanon's future

Kuwait rolls out official welcome for Lebanon's President Aoun – video

2025-05-11

Kuwait rolls out official welcome for Lebanon's President Aoun – video

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

2025-05-11

Security incidents temporarily disrupt voting in several Akkar and Minieh-Danniyeh centers

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

News Bulletin Reports

2025-05-09

EU ambassador says 'we are not just donors, but genuine partners to Lebanon': Insights from exclusive LBCI interview

Most read

24 hours

7 days

Month

From 1993 to today: Hezbollah and the politics of protests in Lebanon

1

From 1993 to today: Hezbollah and the politics of protests in Lebanon

Explosion heard near the Mazzeh area of Damascus in Syria, no casualties

2

Explosion heard near the Mazzeh area of Damascus in Syria, no casualties

UNIFIL renewal talks progress as Lebanon hosts US officials: Here’s what we know

3

UNIFIL renewal talks progress as Lebanon hosts US officials: Here’s what we know

Samir Geagea: Sheikh Naim Qassem’s speech is a direct threat to Lebanon’s government and institutions

4

Samir Geagea: Sheikh Naim Qassem’s speech is a direct threat to Lebanon’s government and institutions

S&P upgrades Lebanon’s local currency rating to CCC, affirms foreign currency rating at SD

5

S&P upgrades Lebanon’s local currency rating to CCC, affirms foreign currency rating at SD

Deadline looms as Netanyahu presses for Gaza occupation, partial deal still on the table

6

Deadline looms as Netanyahu presses for Gaza occupation, partial deal still on the table

Air Canada flight attendants go on strike, shutting down service

7

Air Canada flight attendants go on strike, shutting down service

Protesters in Syria's Druze heartland demand right to self-determination

8

Protesters in Syria's Druze heartland demand right to self-determination

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More