OPEC+ agrees in principle to another bumper supply increase
BY GRANT SMITH, SALMA EL WARDANY AND OTHERS
August 2, 2025
OPEC+ to ramp up oil output even higher in August with eye on market share
BY POL-MALO LE BRIS AND AFP
Lower gas prices could follow from OPEC+ boosting production by 547,000 barrels per day
Brent crude oil has been trading near $70 per barrel, which could be due to a potential loss of Russian oil on the market and a large rise in crude inventories in China, per Clearview Energy Partners.
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