OPEC + will increase oil output for third month

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OPEC +, the last sign that the cartel has long been not wanted to cut the first tranche as soon as possible, OPEC + announced a greater increase in oil exit for July.

Eight members of the oil-producing group, including Saudi Arabia and Russia, said they will increase the production of the headline on Saturday and 411,000 B / D in July.

The third month, the decision to monitor the return of the guyled power for the third month means that the group can add 1.4 mn b / d to the global market between April and July.

Some of the eight countries, in OPEC + exit, are an extreme imagination of quotas to be lower. However, the new supply will test the strength of the prices of oil prices for economic uncertainty, created by the tariffs of the Donald Trump’s tariffs.

“Opec + just don’t rewrite the cranes (on) the script.” “The signal can cause a ring, June all suspicion and all suspicion … July is felt like a loaded (weapon) barrel.”

Continues the supply since 2022 to raise OPEC + prices. All OPEC + members and eight members voluntary cutting of 1.65mn b / d and a voluntary incision from the end of 2026, the second volunteer cut after the second volunteer was then applied. This is now a set of twisted curls.

When the cartel announces a long-delay plan to cut a voluntarily, the agreement is about 137,000 B / D per month in September 2025 and September 2026.

Saudi Energy Minister Abdulaziz Bin Salman was managed by Saudisiz Bin Salman, who believed that the cargo of the cuts no longer shared equal to the baggage. Saudi Arabia is consistently produced on the quotas of other OPEC + members, thus reduces the overall effects of efforts.

In general, Saudi Arabia went up to the lowest 9mn b / d since 2011, except for a fifth and Coronavirus pandemic in the last three years.

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Saudi crown Prince Mohammad Bin Salmani, which allows the increase in the rise and increase in autumn, also helped Trump visited the region this month.

Saudi Arabia has wanted to restore discipline by agreeing to compensate an excessive product, but some OPEC members, especially Kazakhstan, and continue to transport oil from quotas.

Deputy Minister of Energy Aliba Zamaubey, the Russian news agency told OPEC that according to a statement published by Interfax, he said.

Analysts, the next question, the group, the second voluntary incision that represents the 1,65mn b / d vacation, he said.

“This tranche tranche is not expected to be resolved until early 2027, but a broader recalibration of the OPEC +, exit strategy and prices can come sooner than expected,” he said. Rystad Leon.