Manila, July 6 -- The eight OPEC+ countries, namely Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, will implement a production adjustment of 548,000 barrels per day in August 2025 from July 2025 required production level. This amid a steady global economic outlook and current healthy market fundamentals, as reflected in the low oil inventories and in accordance with the decision agreed upon on 5th December 2024 to start a gradual and flexible return of the 2.2 million barrels per day voluntary adjustments starting from 1st April 2025. The eight participating countries, which previously announced additional voluntary adjustments in April and November 2023, met virtually on July 5 to review glob...