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Posted on Sep 04, 2025 / World

OPEC+ is preparing for an online meeting this weekend to discuss raising oil production yet again, building on prior increases amounting to some 2.5 million barrels per day. The group’s revised strategy follows months of output cuts, and aims to reclaim market share amid pressure from Washington to cool fuel prices. Despite existing hikes, crude remains near $70 per barrel, buoyed by continued sanctions on producers like Russia and Iran. Speculation now centers on whether the cartel will sustain supply or offer a surprise pause come October. The decision could reshape global energy dynamics just as demand begins to shift with the approaching winter season.

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