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29 June 09:00

OPEC+ plans to increase oil production by 411,000 bpd in August, aiming to regain market share and respond to global demand.

Raluca Ioana Draghici

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Economy

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OPEC+ is preparing to announce a significant increase in oil production by 411,000 bpd in August, which would lead to a total increase of 1.78 million bpd by 2025. The decision comes after a change in strategy, scrapping previous production cuts. Although some members have exceeded their targets, OPEC+ is looking to regain lost market share. Oil prices have fluctuated recently and a meeting of the group is scheduled for July 6.

Sources

OPEC+ se pregăteşte pentru o nouă creştere accelerată a producţiei de petrol în august

OPEC+ se pregătește pentru o nouă creștere accelerată a producției de petrol în august, spun surse

OPEC+, consorțiu al producătorilor de petrol, se pregăteşte pentru o nouă creştere accelerată a producţiei în august

OPEC+ se pregăteşte pentru o nouă creştere accelerată a producţiei de petrol în august, spun surse

Putin și Arabia Saudită își schimbă radical strategia: Decizie cu impact major la nivel mondial

ȘTIRI PE ACELEAȘI SUBIECTE

Economy

Eight member states of the OPEC+ alliance have agreed to increase oil production in December by 137,000 barrels per day, while planning to suspend further increases in 2026.

Economy

OPEC+ has decided to keep production levels unchanged for the first quarter of 2026, emphasizing market stability in the face of global surplus risks.

Economy

Oil prices fell by approximately 2%, amid American sanctions against Russian companies and the possible increase in OPEC+ production.

Economy

The International Energy Agency forecasts an increase in demand for oil and gas until 2050, contrary to global climate goals.

Economy

Oil prices have risen by 5% after the sanctions imposed by the USA against the Russian energy giants, Rosneft and Lukoil, in response to the war in Ukraine.

International

Putin stated that Russia remains one of the largest oil producers globally, contributing 10% to world production, despite Western sanctions.

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OPEC+ oil production petrol Meeting increased production

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