US EditionOPEC+ to further speed up oil output hikes: Reports
- OPEC+ sources reported the group will likely approve an accelerated oil output hike of about 411,000 barrels per day in July 2025 to ease supply.
- This move follows Saudi Arabia’s shift from deep output cuts toward expanding market share and signals unwillingness to prop up the market amid poor compliance from members.
- Saudi Arabia criticized Iraq, Kazakhstan, and others for failing to meet quotas and warned that voluntary cuts of 2.2 million barrels per day could be unwound by November if compliance does not improve.
- UBS analyst Giovanni Staunovo noted that announcements of faster production increases are likely to put downward pressure on oil prices until adherence to output limits gets better, as prices dropped below $60 per barrel in April 2025.
- OPEC+ plans further output increases through late 2025, which may reduce market support despite inflation and geopolitical tensions persisting.
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9 Articles
OPEC+ to Further Speed up Oil Output Hikes, Three Sources Say
Exclusive: OPEC+ to further speed up oil output hikes, four sources say
OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, four sources from the group said.
Exclusive-OPEC+ to further speed up oil output hikes, four sources say
LONDON :OPEC+ plans to further accelerate oil output hikes and could unwind its 2.2 million barrels per day of voluntary cuts by the end of October if members do not improve compliance with their production quotas, four sources from the group said.OPEC+ shocked the oil market in April by agreeing a faster-tha
Open Pliss will cancel the voluntary cuts by October if the commitment doesn't improve.
May 4, 2025 Baghdad/Bass: The OPEC Plus Group plans to accelerate further increases in oil production... the article shows that the OPEC Plus article will cancel voluntary cuts by October if commitment first does not improve on the porch.
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