Signal · Commodities & Input Costs
OPEC Output Climbs Again, But Still Trails Quota Targets
What the source reported
Source-reportedOPEC’s total oil production jumped by 1.17 million barrels per day in July from June as many Gulf producers restored some output that was shut in for three months due to the closed Strait of Hormuz. Output at the 11-member OPEC rose to 19.85 million bpd in July, extending the monthly increases for the second consecutive month, according to a Reuters survey based on ship-tracking data and information provided by sources at OPEC, oil companies, and consultants. In May, when major Gulf producers slashed output, OPEC’s oil production dropped…
- Publication
- Oilprice.com · Trade Publication
- Published
- 11th August 2026
- Original report
- oilprice.com
ProcIntel stores what the source published in its feed — a headline, a summary and a link. It does not store or reproduce the full article.
What ProcIntel recorded
ProcIntel-derived- Category
- Commodities & Input Costs
- Geography
- Global
- Organisations
- None identified
- Collected
- 11th August 2026 · 14:46
Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.
A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.
Initial Significance Material (42.0/100). Strongest contributor: Procurement Impact (30.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (26.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).
- Strongest contributor
- Procurement Impact
- Limiting factor
- Geographic Breadth