US EditionOPEC Looking to Regain Market Share with Oil Production Increases, Expert Says
GLOBAL, JUL 09 – OPEC+ producers plan a 550,000 bpd increase in September, fully reversing 2.2 million bpd cuts to meet rising global oil demand during peak travel season.
- OPEC+ approved a 548,000 barrels per day production increase for August, following three monthly hikes of 411,000 bpd since May.
- The group had been reducing output by 2.17 million bpd for several years but began reversing these cuts earlier in the year to capitalize on rising global demand and increase their presence in the market.
- UAE Energy Minister Suhail al-Mazrouei said markets have absorbed these increases without inventory builds, indicating oil demand remains robust during peak summer travel.
- Andrew Botterill of Deloitte Canada noted that this move has been anticipated by the market for quite a while and added that the recent price increases have not led to significant changes in pricing.
- OPEC+ plans a further increase in September that could fully restore previous cuts, suggesting the group expects sustained demand and stable market fundamentals.
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OPEC looking to regain market share with oil production increases, expert says
The Organization of Petroleum Exporting Countries (OPEC) continues to boost oil production, with more than 500,000 additional barrels per day set to hit global markets in August, in a bid to regain market share lost to other oil producers, an energy expert says.
The Opec plus wants to produce more oil. The increase in production is stronger than expected. For Russia this could mean a significant loss.
UAE says oil markets are absorbing more barrels without stocks rising – Oil & Gas 360
(BOE Report)– Oil markets are absorbing OPEC+ production increases without building inventories, which means they are thirsty for more oil, United Arab Emirates’ Energy Minister Suhail al-Mazrouei said on Wednesday. OPEC+, which pumps about half of the world’s oil, has been curtailing production for several years to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the gr
On 6 July 2025, the Bloomberg agency revealed that Russia had not reached the production quotas set by the OPEC+ alliance for the month of June. This failure occurred at the same time as the cartel agreed on a new coordinated increase in world supply. This gap raises many questions about Moscow's real ability to keep up with the tempo imposed by Riyadh, and about the state of its energy infrastructure. Russia's retreat in the OPEC+ symphony Russ…
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