Dossier
2023 production cuts
Coverage of 2023 production cuts in the Nexus archive.
- OPEC+ is raising oil output for a fifth straight month as Hormuz shipping recovers
OPEC+ is increasing oil output for a fifth consecutive month, with seven core members agreeing to add 188,000 barrels per day in August. This follows the gradual unwinding of 2023 production cuts as Hormuz shipping recovers.