OPEC+ members expected to hike oil production in August 2025; Check details
OPEC+ to increase oil production by 548,000 barrels per day in August 2025, with flexibility based on market conditions.
OPEC+ plans oil production hike in August 2025 amid global energy demand
Inclining towards the intention of continuous global energy growth and outpacing the fundamental oil market structure along with the decision agreed by eight participating countries under OPEC to start a gradual return of 2.2 million barrels per day voluntary adjustments starting from 1 April 2025, the members of OPEC+ vow to accelerate the oil output increase.
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It is anticipated that eight participating countries will implement a production adjustment of 548 thousand barrels per day in August 2025 from the July 2025 required production level.
This acceleration is subjected to revision post when some members such as Kazakhstan and Iraq, produced above their targets in contrast with other members who relied on cutting.
The likely increases are provisional yet and may be paused or reversed subject to evolving market conditions.
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The eight OPEC+ countries are expecting that this measure will provide an opportunity for the participating countries to accelerate their compensation.
A full-fledged collective commitment has been made by eight countries to achieve full conformity with the Declaration of Cooperation, including the additional voluntary production adjustments that were agreed to be monitored by the JMMC during its 53rd meeting held on April 3rd 2024.
According to OPEC, the members also confirmed their intention to fully compensate for any overproduced volume since January 2024.
The eight OPEC+ countries will hold monthly meetings to review market conditions, conformity, and compensation.
The eight countries will meet on 3 August 2025 to decide on September production levels.
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