OPEC+ to raise oil production by 547,000 bpd; move aimed at reclaiming market share
Sunday, 3 August 2025 ()
The Voluntary Eight (V8) members of OPEC+ have agreed to increase oil production by 547,000 barrels per day starting September 2025, aiming to regain market share amidst stable oil prices. This decision, finalized after a meeting, represents a 1.5% increase in total output.
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