The eight OPEC+ countries said Sunday they will increase production by 547,000 barrels a day in a move which analysts say aims to regain market share amid resilient crude prices.
“The eight participating countries will implement a production adjustment of 547,000 barrels per day in September 2025 from August 2025 required production level,” read the statement agreed by Saudi Arabia, Russia, Iraq, United Arab Emirates, Kuwait, Kazakhstan, Algeria, and Oman.
Add Comment