Weekend – OPEC+ hikes oil output supply for third straight month by 4,11,000 bpd

June 1, 2025
-FXnews

OPEC+ has agreed to raise oil production by 411,000 barrels per day in July, matching the increases already set for May and June. The decision marks a continuation of the group’s recent strategy shift aimed at reclaiming market share and pressuring members who have been exceeding their output quotas.

According to Reuters, eight members are now rolling back a total of 2.2 million barrels per day in voluntary cuts made on top of existing reductions

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