OPEC Countries to 'Implement Production Adjustment' of 411K Bpd in July

El Tiempo Latino

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At the recent meeting, OPEC+ decided to raise its oil production by 411,000 barrels per day for the month of July.This increase generated controversy within its members, some of whom, like Russia, showed their disagreement.It seems that the figures could have risen even higher, but some nations advocated a pause in the growth of production, according to the original report.The price of Texas crude risesThe increase in production was not the only…

L'EnerGeek

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In a context of post-pandemic rebalancing and global energy transition, eight OPEC+ producer countries are announcing a new stage in the gradual recovery of their production, a dynamic that is part of a cautious reading of the market and its fundamentals. On 31 May 2025, eight OPEC+ member countries formalized an increase in their oil production from July onwards, amounting to 411,000 barrels per day. This decision extends a gradual adjustment s…

Consenso del Mercado

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Market Consensus Morgan Stanley Our analyst Martijn Rats reviews the OPEC meeting held over the weekend, at which OPEC’s “Group of 8” announced another increase in production for the month of July, up to ~411 kn/d. An announcement in line with what was expected by consensus. Martijn Rats recalls that OPEC has three agreements of applied production cuts: (1) cut of 2 mb/d announced on Oct-22, applicable to all members and [...]