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OPEC+ Agrees to Another Large Output Hike in Sep
Business Standard
|August 04, 2025
To add 547,000 bpd, completing reversal of 2.2 mn-barrel cutback in '23
OPEC+ agreed on another bumper oil production increase for September, completing its current tranche of supply revival one year early, and indicated it may consider reviewing the next layer of cuts.
Saudi Arabia and its partners agreed on a video conference to add 547,000 barrels a day next month. This completes the reversal of a 2.2 million-barrel cutback made by eight members in 2023, and also includes an extra allowance being phased in by the United Arab Emirates. The call lasted just 16 minutes, one of the delegates said.
Dit verhaal komt uit de August 04, 2025-editie van Business Standard.
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