OPEC+ members agree larger-than-expected oil production hike in August
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币界网报道：OPEC+ members agreed to a larger-than-expected oil production increase of 648,000 barrels per day for August, exceeding market forecasts of a 400,000-500,000 bpd hike. The decision comes as global crude prices remain elevated near $110 per barrel amid tight supply and geopolitical tensions. Saudi Arabia and Russia led the push for higher output quotas to stabilize markets, though some members like Angola and Nigeria continue struggling to meet current targets. Analysts warn the additional supply may not fully offset disruptions from Russia sanctions and rebounding post-pandemic demand. The group also confirmed plans to completely phase out record production cuts by September 2022.
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