OPEC+ Accelerates Oil Output Surge in Bid to Reclaim Market Dominance

The OPEC+ alliance announced a third consecutive monthly oil production increase of 411,000 barrels per day (bpd) for July 2025, confirming a strategic pivot toward volume over price stability. Saudi Arabia and Russia spearheaded the decision during a Saturday virtual meeting, accelerating efforts to regain market share lost during years of supply cuts exceeding 5 […]