Opec+ agrees in principle another large oil output hike: sources

Opec+ agrees in principle another large oil output hike: sources

Published Sun, Aug 3, 2025 ยท 03:41 PM OPEC+ agreed in principle to boost oil output by 548,000 barrels per day (bpd) in September, two Opec+ sources said on Sunday (Aug 3), as the group finishes unwinding its biggest tranche of production cuts amid fears of further supply disruptions from Russia. A decision is expected…

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OPEC+ Agrees In Principle To 2 Million Barrel Production Cut For Early 2024

OPEC+ Agrees In Principle To 2 Million Barrel Production Cut For Early 2024

OPEC headquarters in Vienna. Reuters OPEC+ reached a deal “in principle” on Thursday to extend and expand current oil production cuts up to 2 million barrels per day through at least the first fiscal quarter of 2024, sources reported following a virtual meeting of the organization’s Joint Ministerial Monitoring Committee. The deal entails leaving in…

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