Oil Cartel OPEC+ Increases Production

15.7.2025

The oil cartel OPEC+, which includes the Organization of the Petroleum Exporting Countries and its allies, has agreed to increase its oil production by 548,000 barrels per day (bpd) in August. This decision is based on the expectation that the global economy will remain stable and that demand for oil will continue to rise. OPEC+ cited strong market fundamentals, such as low oil inventories, as reasons for the production increase.

Illustration

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month

For companies, the subscription costs from CZK 1,490 per year plus VAT. For private persons and self-employed persons for CZK 690 per year, including VAT.

Attention: Special Offer, by the end of the year use the offer for 30 days for CZK 149. However, you can also get the subscription for free.

Don't know how to proceed? See the complete subscription terms or contact us.

Order the subscription

I already have the subscription

Oil Cartel OPEC+ Increases Production

Do you want to read the whole article?Get a subscription for free or from CZK 58 per month

Do you want to read the whole article?
Get a subscription for free or from CZK 58 per month