OPEC+ agrees in principle to raise oil production cap

OPEC+ countries agreed in principle on Sunday to raise the oil production cap in August by 188,000 barrels per day from July levels, according to a statement published after a virtual meeting of OPEC+.

In their collective commitment to supporting oil market stability, the seven participating countries decided to implement a production adjustment of 188,000 barrels per day from the additional voluntary adjustments announced in April 2023, the statement said, adding that the adjustment will be implemented in August.

OPEC+ agrees in principle to raise oil production cap

A parent Chinese penduline tit was recently spotted feeding its chick inside a nest in a woodland area of Datong City, in north China's Shanxi Province, after returning from a foraging trip.

The adult briefly entered the hanging nest to tend to its young before departing again..

Dubbed "master weavers" of the avian world, Chinese penduline tits are known for their distinctive hanging, pouch-shaped nests, woven from plant fibers and willow catkins. Each nest has a single small side opening, which serves as the only hole for entrance and exit.

Parent Chinese penduline tit feeds chick