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2025-08-01 20:35:55
[Source: OPEC+ may further increase oil production on Sunday] Sources revealed that OPEC+ is expected to approve a new round of production increases on Sunday, and the group is still discussing the specific scale of production increases in September. OPEC+ currently supplies about half of the world's crude oil. In recent years, it has been supporting the oil market by reducing production, but this year it changed its strategy and began to increase production to compete for market share, while responding to US President Trump's call for OPEC to increase production and lower gasoline prices. Three sources said that eight members of OPEC+ may increase their daily production by 548,000 barrels in September; another source said that discussions on the specific scale of production increases are still ongoing, and the final increase may be lower than this figure. (Refinitiv)
