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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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.
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.
