OPEC+ Holds Its First Meeting in 2025; the Market Pays Attention to Increases in Production

The OPEC+ alliance, led by Saudi Arabia and Russia, is holding its first ministerial conference in 2025 with oil markets on the path of global supply, although the decision on the level of production for July is expected this Saturday. The meeting of ministers of the sector of the 22 member countries of the alliance will take place in virtual form. At its previous teleconference, held in December, OPEP+ (OPEC and allies) agreed to extend until t…