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OPEC+ Will Boost Supply Even Faster With Larger August Hike

Markets

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

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July 5, 2025

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Bloomberg

OPEC+ will increase oil production even more rapidly than expected next month, as the group led by Saudi Arabia seeks to capitalize on strong summer demand in its move to reclaim market share.

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