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Posted on Sep 08, 2025 / World

OPEC+ announced plans to raise oil production by 137,000 barrels per day beginning next month, hoping to regain market share amid signs of a balanced global economy. Saudi Arabia and the UAE will shoulder most of the increases, as many other member countries are already near full capacity. The modest boost marks the start of unwinding a previous round of cuts, totaling 1.65 million barrels per day, ahead of schedule. Brent crude prices have dipped to around $65.50 a barrel, down 15% as supply grows. The group remains cautious, ready to adjust plans depending on market signals.

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