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News 2026-07-03 21:03 UTC

OPEC Oil Production Jumps in June on Higher Gulf Output

() -- OPEC oil production rebounded in June from a two-decade low as Gulf producers began restoring supplies interrupted by the Middle East conflict and the de facto closure of the Strait of Hormuz, according to Reuters survey data released Friday. Production by the 11-member producer cartel rose by 3.3 million barrels