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.
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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.
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…
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)
Akakus Oil Operations drills new Sharara field well with initial production of 1,750 bpd
As part of its ongoing efforts to boost production capacity, Akakus Oil Operations announced last Saturday (5 July) that it had successfully completed drilling work on the new B-26H well. The initial tests of the well led to a total production rate of 1,750 barrels per day. Akakus said the well comes as part of […] The post Akakus Oil Operations drills new Sharara field well with initial production of 1,750 bpd appeared first on LibyaHerald.
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