OPEC production reached 19.85 million bpd in July, marking a second consecutive monthly increase but remaining below quota targets.
OPEC’s oil production increased by 1.17 million barrels per day in July, reaching 19.85 million bpd. The rise follows output restorations by Gulf producers after disruptions linked to the Strait of Hormuz closure earlier this year.
The July output extends a two-month upward trend, though it still falls short of OPEC’s quota targets. In May, production had dropped sharply as major Gulf members cut supplies amid geopolitical tensions.
The increase reflects partial recovery efforts, but persistent gaps in meeting quotas may influence global oil supply expectations.