OPEC+ to Boost Oil Production by 137,000 Barrels per Day from October 2025, Marking Strategic Pivot
OPEC+ has agreed in principle to raise oil production by 137,000 barrels per day starting October 2025, marking a major shift from supporting high prices to reclaiming market share. The move follows earlier output hikes in 2025 and comes amid falling crude prices, U.S. pressure for cheaper oil, and growing concerns of a global oversupply. …
