OPEC+ Oil Production Increase
OPEC+ agreed to boost oil production by 411,000 barrels per day in June 2025, following a similar increase in May, totaling over 800,000 bpd.
Saudi Arabia led the decision to discipline overproducers like Iraq and Kazakhstan.
Amid Trump’s tariffs and recession fears, the move aims to stabilize markets but risks further price drops.
The strategy shifts from prior cuts, with Saudi Arabia prioritizing compliance and long-term market balance.
Read More at CNBC
