OPEC+ to boost oil production even more than expected in August
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 06 2025
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Should l Buy ?
Source: MarketWatch
OPEC+ Production Increase: OPEC and its allies, led by Saudi Arabia, announced an increase in oil production for August to 548,000 barrels a day, aiming to reclaim market share and lower prices.
Response to Overproduction: The output hike is part of a strategy to unwind previous supply cuts and addresses overproduction issues from countries like Iraq and Kazakhstan, while also positioning Saudi Arabia against U.S. shale producers.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
