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16 Articles
Countries like Saudi Arabia, Iraq and Russia will increase production by over 500,000 barrels per day.
The OPEC+ oil producer alliance, led by Saudi Arabia and Russia, took the decision to increase its crude oil supply by 548,000 barrels per day (bd) as of August 1, 2025. READ ALSO: Venezuela proposes to OPEC a strategic redesign of the oil market This measure was agreed virtually on July 5, 2025, following a review of the conditions and prospects of the world market. The volume of increase is higher by 137,000 bd than in the previous three month…
This "unthinkable increase a few months ago" clearly confirms that "the group is firmly moving towards a market share strategy," explains an expert from Saudi Arabia, Russia and six other countries.
The OPEC+ alliance, led by Saudi Arabia and Russia, decided this Saturday (July 5, 2025) to increase its oil supply by 548,000 barrels per day (bpd) starting August 1, a volume 137,000 bpd higher than the previous three months and higher than expected in the markets. The increase, which will be borne by eight of the 22 member states of the oil alliance, was agreed upon in a virtual meeting. These "petrostates"—Saudi Arabia, Russia, Iraq, the Un…
"The eight participating countries [at the meeting] will implement a production adjustment of 548 thousand barrels per day in August 2025," in July, against 411 000 initially planned by the analysts, announced the Organization of Petroleum Exporting Countries (OPEP), in a communication quoted by France-Presse (AFP). This last increase clearly confirms that "the group is moving firmly towards a market share strategy," said Jorge Leon, from Rystad…
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