Kazakhstan's Energy Ministry: OPEC+ to announce oil production increase in July this week

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The decision to increase oil production in July will be made at the next OPEC+ meeting on May 31, but the exact volumes are not yet known, Vice Energy Minister Alibek Zhamauov said, Report informs via Interfax-Kazakhstan.

"The increase in oil production for July will be announced on May 31. There will be an increase, but it will be 400,000, 500,000, 600,000 barrels per day - we don't know, they will announce it on Saturday," he stressed.

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