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OPEC+ Agrees Output Hike to Finish Unwinding Round of Cuts

Markets

Grant Smith, Salma El Wardany, Fiona MacDonald, Nayla Razzouk

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August 3, 2025

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Bloomberg

OPEC+ agreed on another bumper oil production increase for September, completing its current tranche of supply revival one year early, and indicated it may consider reviewing the next layer of cuts.

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