OPEC+ Eyes Bigger Barrel Boost—August Output Hike of 411,000 BPD on the Table

OPEC+ is poised to approve another accelerated oil output hike of 411,000 barrels per day (bpd) for August 2025, as the group meets on Saturday, July 6, according to multiple Reuters sources. This would mark the fourth consecutive monthly increase, bringing the total additional supply since April to 1.78 million bpd, or roughly 1.5% of global oil demand.

 

The move is part of a broader strategy to regain market share amid rising output from non-OPEC producers like the U.S. and Brazil. The eight participating nations—Saudi Arabia, Russia, UAE, Kuwait, Oman, Iraq, Kazakhstan, and Algeria—are unwinding their 2.2 million bpd voluntary cuts faster than initially planned.

 

While the group has yet to finalize the exact figure, the proposed hike reflects internal pressure to discipline quota-defying members and respond to softening oil prices. Analysts warn that the continued ramp-up could lead to a supply glut later this year, especially if global demand falters.

 

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Source: Channel News Asia