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OPEC+ Considers Accelerating Oil Production More Than Expected: Report

Eight OPEC+ alliance members, known as the Voluntary Eight , are considering an output increase of 411,000 barrels per day at their meeting.
Analysts, including Ole Hansen from Saxo Bank, noted that the group is focusing on regaining market shares rather than on price stability.
Following recent conflicts, concerns over oil prices briefly rose above $80 a barrel.
Analysts believe the conflict is unlikely to impact OPEC+'s decision since there have been no supply disruptions so far.

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Financial Times

Center

Opec+ plans to boost oil output in bid to win back market share

Latest in a series of production increases is likely to put downward pressure on Brent crude price

2 hours ago·London, United Kingdom

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CNBC

Center

OPEC+ members agree larger-than-expected oil production hike in August

Eight OPEC+ producers agreed to lift crude output by 548,000 barrels per day in August, exceeding the anticipated 411,000 barrels per day rate.

2 hours ago·United States

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EFE

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naiz:

Center

Opec+ Decides to Increase Its Pumping by 548,000 Barrels per Day of Crude Oil

The OPEC+ alliance decided to increase its oil supply by 548,000 barrels per day (bd) from 1 August.

3 hours ago

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Financial Post

Lean Right

OPEC+ to Further Accelerate Supply Boost With Larger August Hike

(Bloomberg) — OPEC+ will increase production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.

4 hours ago·Canada

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U.S. News

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OPEC+ Set to Further Speed up Output Hikes, Sources Say

5 hours ago·New York, United States

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Reuters

+4 Reposted by 4 other sources

Center

OPEC+ set to further speed up output hikes, sources say

OPEC+ will likely agree to further accelerate oil output increases on Saturday at its first meeting since oil prices jumped, and then retreated, following Israeli and U.S. attacks on Iran.

5 hours ago·United Kingdom

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