Release of 1.66 million barrels by the end of 2026 remains undefined; New meeting scheduled for September
OPEC+ (Organization of Oil and Allied exporting countries) ended on Sunday (3.ago.2025) a 2 -year cycle in its strategy for oil, with the last of a series of significant increases in production. However, leaves the suspense oil traders, as the next step could be both a cut and an increase. The information is from the agency.
In recent months, Saudi Arabia and its partners have surprised oil markets, in an attempt to offer consumers relief and represent a stimulus to US President (United States) (Republican Party).
The increase in production of 547 thousand barrels per day, approved on Sunday (3.ago), completes the reversal of an offer cut performed in 2023.
However, OPEC+ also has unfinished business: an additional volume of 1.66 million barrels per day, also suspended 2 years ago, must remain unavailable by the end of 2026; And the representatives left uncertainties about what they will do with this portion.
According to Bloombergthe coalition could proceed with the resumption of this portion if the market conditions allowed it, authorities said. However, they also emphasized the possibility of reversing the 2.2 million barrels that were just returned to the market.
OPEC+ will closely monitor demand and can simply maintain production levels for now. A follow -up meeting is scheduled for September 7 to analyze the situation.
