Saturday, September 6, 2025

OPEC Maintains Small Output Increase Despite Strong Demand, Rising Prices

Global crude markets are about to get a paltry boost in additional oil output, after OPEC and its allies agreed to raise production by a nominal 400,000 barrels per day beginning in March.

During OPEC’s latest meeting, which lasted a mere 16 minutes, oil ministers decided to adhere to their previous plan of increasing oil output by only 400,000 barrels per day next month, despite oil prices sitting at nearly $90 per barrel and consumer inflation around the world soaring to historic levels.

The output plan was originally set in July, during a time when oil markets still displayed slack amid recovering demand. However, OPEC has failed to promptly respond to changing market conditions, and instead has persistently fallen short of targets over the past several months. As such, the upcoming output increase will likely do little to tame rising crude prices, particularly as the conflict between Russia and Ukraine threatens to rattle global energy flows.

Information for this briefing was found via Reuters. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Goliath Resources Hits 10.60 g/t Gold Over 22.82 Metres, Highest Grade Results In Third Distinct Rock Package At Surebet Discovery

Four Countries Control the Fertilizer That Feeds the World | Sage Potash

$10,000 Gold Is Just A Question of Time | Florian Grummes

Recommended

ESGold Outlines $24.3 Million NPV For Tailings Reprocessing Project

First Majestic Encounters 711 g/t Silver Equivalent Over 8.0 Metres In Ongoing Exploration At Los Gatos

Related News

OPEC Struggles to Maintain Control Over Oil Prices

Despite deep production cuts, OPEC is struggling to hold oil prices high amid concerns over...

Thursday, May 30, 2024, 08:13:13 AM

Joe Biden Quietly Calls on US Oil Companies to Boost Production

In a hail Mary attempt to somehow slow down the skyrocketing increase in oil prices,...

Thursday, March 3, 2022, 03:45:00 PM

OPEC+ Signals Resistance to Trump’s Price Demands

OPEC+ delegates are evaluating whether to delay planned output increases, citing weak market conditions, despite...

Tuesday, February 18, 2025, 12:44:00 PM

Oil Prices Surge After Iranian Drone Allegedly Struck Israeli Billionaire’s Crude Tanker

An oil tanker belonging to Israeli billionaire Idan Ofer’s company Eastern Pacific Shipping was allegedly...

Wednesday, November 16, 2022, 08:21:44 AM

Global Oil Market Shaken by OPEC+ Decision and Iraq’s Rejection of Further Cuts

The oil market experienced significant volatility recently following the announcement by OPEC+ to extend output...

Wednesday, June 5, 2024, 12:34:00 PM