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Eight oil-producing countries, including Saudi Arabia and Russia, agreed at a meeting today to increase production next month. OPEC cut production three years ago, but decided to raise production at the beginning of this year. Conversation with Iman Nazareth, oil and energy expert:
OPEC+ stuns markets with a bigger-than-expected output hike, accelerating its pivot toward market share over price defense. But can the market absorb these extra barrels?
Oil: OPEC countries want to open the floodgates in a big way
OPEC production policy math is at this stage an absolute ad hoc rat’s nest—and the barrel counter in me wants them to just: 1. Open the taps full 2. Zero out paper cuts 3. Let members produce at max for 3-6 months 4. Reset output baselines on those levels 5. Start again fresh
Just a reminder that: OPEC+ is boosting oil production non-stop US output set fresh all-time highs in 2025 The White House wants lower oil prices The Saudis, tactically, agree with the White House We all know how this ends. Even those who are bullish know it | #OOTT
As the group of eight of OPEC+ meets now, note the following: OPEC+ oil supplies to global markets DECLINED in April, May, and June.
Eight oil-producing countries, including Saudi Arabia and Russia, agreed at a meeting today to increase production next month. OPEC cut production three years ago, but decided to raise production at the beginning of this year. Conversation with Iman Nazareth, oil and energy expert:
OPEC+ stuns markets with a bigger-than-expected output hike, accelerating its pivot toward market share over price defense. But can the market absorb these extra barrels?
