Oil Boost: OPEC+ to Increase Production in July Amid Market Share Push
OPEC+ nations, including Saudi Arabia and Russia, will increase oil production by 411,000 bpd in July, aiming to regain market share and influence global oil prices.
Oil Production
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China’s Bozhong 26-6 Oilfield Begins Production, Boosting Energy Output
China’s CNOOC has begun production at the Bozhong 26-6 Oilfield in the Bohai Sea, expected to boost energy output with a peak of 22,300 barrels per day, solidifying its role in offshore oil production.