Platts survey shows OPEC+ July crude oil production rose by the most in 5 months, but ….

If your guess for what comes after the but is:

  • still less than the 648,000 b/d hike in quotas it agreed on

You are spot on.

  • he shortfall in quota hit 2.8 mn bbl/day.

Which is probably not news to anyone.

opec quota shortfall 10 August 2022
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