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NewsCommodities

OPEC+ set to make another accelerated oil output hike for August, sources say

ReutersJun 27, 2025 4:01 PM

OPEC+ aims to regain market share with output hike
Some members overproduced, causing tension within OPEC+
Potential for more Iranian supply may complicate OPEC+ talks

LONDON/MOSCOW/DUBAI, June 27 (Reuters) - The world's largest group of oil producers, OPEC+, is set to make another big increase of 411,000 barrels per day for August as it looks to regain market share, four delegates from the group told Reuters.

OPEC and authorities in Saudi Arabia did not immediately respond to requests for comment on Friday.

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