VOICED : OPEP y sus aliados prolongan recortes de producción petrolífera durante julio

OPEC and its allies decided to maintain oil production cuts in July to support market prices, reducing output by 9.6 million barrels daily, slightly less than in previous months. This decision was influenced by Mexico's resistance to further cuts. The initial agreement in April aimed to reduce global supply by 10% due to the pandemic. Despite internal divisions, the cuts have raised oil prices to around $40 per barrel in June. The pandemic has led to historically low oil prices, with Brent dropping below $15 and West Texas Intermediate turning negative. As global lockdowns ease, oil consumption remains below pre-crisis levels, which were already lower than supply.

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