US EditionOPEC+ Discusses 411,000-Barrel Hike in August, Delegates Say
12 Articles
12 Articles
Oil is losing ground before a possible increase in the production of Opep+ Admin FCE 04 Jul 2025 - 12:55 Oil prices are falling on Friday, before the meeting of the Organization of Petroleum Exporting Countries and its allies (Op+) this weekend, which is expected to record a further increase in its production.Eight countries members of Opep+ are to meet online, during a session initially scheduled for Sunday but finally advanced to Saturday, acc…
The group is expected to agree to increase production by 411,000 barrels per day, which contributes to lower pressure on crude oil. Added to this are data from China’s Caixin PMI services published this week, which showed that the service activity of the Asian giant – the world’s largest oil importer – expanded in June at the slower pace in nine months, due to the weakening of demand and the fall of new export orders. An unexpected increase in c…
The oil cartel and its allies are not on day 6 and must announce the entry of more 411 000 rice bars on the market. They continue to fall, but market share is important.
Oil Holds Decline As OPEC+ Set For Bumper Production Quota Hike
Oil was little changed before an OPEC+ meeting that’s set to deliver another oversized production hike, threatening to swell a glut forecast for later this year.Brent traded near $69 a barrel after losing 0.4% on Thursday, while West Texas Intermediate traded above $67. The cartel has begun discussing a fourth 411,000 barrel-a-day production increase for August ahead of the group’s video-conference on Sunday, delegates said. That is triple the i…
OPEC+ gathers to review production quotas ahead of July decision
Several delegates said they expect the Organization of the Petroleum Exporting Countries and its partners to leave unchanged their longer-term targets for 2025 and 2026, which underpin its current supply restraints.
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