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OPEC 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.

Summary by CTV News
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.

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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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The increases in Opep+ product (Organiza o dos Pa's Exporters de petr leo e aliades) n o o o is taking it to higher stocks, showing that the markets are the seating for more petr leo, said on this Thursday (9) ministers and executives of the fathers of Opep and heads of large Western oil. Read more (07/09/2025)

·São Paulo, Brazil
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quatrostrategies.ca broke the news in on Wednesday, July 9, 2025.
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