07 July 2025
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OPEC+ moves ahead with market share strategy

Further unwind of production restraint is likely at upcoming meetings

By Edward Bell

OPEC+ has confirmed its shift to a market share strategy with another large production increase planned for August. Additional unwinds of the remaining OPEC+ production restraint are likely at upcoming meetings, even as oil prices face a downbeat outlook amid concerns that US tariffs will hit demand growth.

Read the full report here

Written By

Edward Bell Acting Group Head of Research and Chief Economist


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