07/07/2025 – OPEC Group: accelerated exit from production restrictions, voted an increase of 548’000 bpd since the first of August – Read more news
OIL: Members of the OPEC group agreed on a further easing of production cuts at their meeting on Saturday, agreeing to a return of another 548,000 barrels per day. The agreed value was higher than that approved in previous months, 138 thousand barrels day in April and 411 thousand barrels day in May, June and July. Then restored about 2 million barrels of total production, compared to the cuts adopted for about 5.5 million barrels day