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OPEC + will increase the production of next month, because Saudi Arabia-LED oil carteli tries to gain a back market share in a movement that can put pressure on crude prices.
Eight members of the manufacturer group, including Saudi Arabia, the United Arab Emirates and Russia, connecting the growth between 548,000 barrels and 411,000 B / D per day in August.
The action accelerates the opening of the production cuts that have long been ongoing. OPEC + has been trying to raise prices since 2022, but returned politics in April.
The initial plan of the group will be growing in 18 months, but increased between 2.2mn B / D, but since today, the progress has increased. A year before the original table is likely to restore the production of all space by the end of September.
“Opec + surprises the market,” he said. “This sends a solid message to the group’s market share strategy, no doubt a message for everyone.”
One reason for the speed of production of production is generally stronger in the North Hemisphere in the northern hemisphere in the United States and Europe, the northern hemisphere in the United States and Europe.
The increase in production for a longer period of time, the most traders are expecting an important supply surplus until the end of the year, which is less than $ 60 than $ 60.
The global assessment is $ 68 in Brent Crude, which is a barrel of $ 68 at the end of the trade on Friday.
People familiar with OPEC + members and group thinking, despite the negative impact on prices, they suggested a number of explanations to restore the group’s thoughtful supply. In a large part of the rapidly opening, in a large part of the Saudi Energy Abdulaziz Bin Salman, in a large part of the shuts, was managed in a large part of the incision.
Saudi Arabia is consistently produced on the quotas of other OPEC + members, thus reduces the overall effects of efforts. According to April, Saudi Arabia has reduced the product of the lowest 9mn b / d since 2011, except for the coronavirus pandemic in the previous three years.
Saudi Arabia has wanted to restore discipline by agreeing to compensate an excessive product, but some OPEC members seem to continue to increase these instructions, especially in Kazakhstan.
As the cuts no longer support the prices, Saudi Arabia, such as Saudi Arabia and UAE, which holds back the supply, did not mean.
The Cartel helped the US President Donald Trump, which makes the price increase in a double victory, increase and autumn, but also the need for a higher price.
The next question for the oil market is to open a second voluntary incision that represents the capacity of 1.65mn b / d, which represents the ability to stay in 2026 by the end of 2026.
“Now two big questions were hung on the market,” he said. “OPEC + will target the next step (cuts) … and do you have enough requirement to absorb?”
