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S03 Ep27 Energy Market Update: OPEC+ agrees to further output increase for August

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Eight OPEC+ members met over the weekend and agreed to a production increase of 548 kb/d for August, surpassing previous monthly increases. While this decision comes as a surprise to the market, the actual impact on supply may be limited due to several members already exceeding their targets.

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7 Jul 2025 English South Africa Business

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