OPEC+ speeds up oil output hikes, adds 548,000 bpd in August

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LONDON :OPEC+ agreed on Saturday to raise production by 548,000 barrels per day in August, further accelerating output increases at its first meeting since oil prices jumped - and then retreated - following Israeli and U.S. attacks on Iran. The group, which pumps about half of the world's oil, has been curtailing production since 2022 to support the market. But it has reversed course this year to regain market share and as U.S. President Donald Trump demanded the group pump more to help keep

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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August https://www.channelnewsasia.com/ - 05.07.2025 13:38

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OPEC+ speeds up oil output hikes, adds 548,000 bpd in August https://www.channelnewsasia.com/ - 05.07.2025 13:38