June production hit 19.43 million barrels per day, rebounding from May’s two-decade low amid Gulf supply restarts.
OPEC’s oil production jumped by 3.3 million barrels per day in June to 19.43 million barrels, recovering from May’s sharp decline. The increase followed months of war-related disruptions in the Gulf, where producers began restoring shut-in capacity.
May’s output had plunged to the lowest level recorded since at least 2000, driven by the Strait of Hormuz crisis. Despite June’s rebound, production remains below pre-crisis levels, reflecting lingering supply constraints.
The survey did not detail immediate market reactions, but the supply shift may ease recent price pressures tied to Middle East volatility.