OPEC Report: Potential Oil Supply Shortages in Coming Months

Despite Russia significantly cutting crude oil production in June, the country's daily supply, along with that of Iraq and Kazakhstan, still exceeded the quotas set at the beginning of the year by tens of thousands of barrels.
OPEC expects oil supply shortages in the coming months and in 2025, greater than this week’s US EIA predictions.
OPEC predicts that third-quarter demand for OPEC+ crude will reach 43.6 million barrels per day, well above the organization's current output.