Archive · 7 Sep 2025
OPEC+ Mulls Output Increase Amidst Demand Concerns
Imagine a group of countries that control a lot of the world's oil.
They've been making less oil to keep prices up.
Now, they might start making a little more oil again, but not as much as before because people might not need as much oil.
They're worried because the price of oil has already dropped a little bit.
Even though some countries have been making more oil, prices haven't gone down a lot because of things like sanctions.
This group will decide how much oil to make, with a meeting this weekend.
OPEC+ is considering a measured oil output increase for October.
The group has already increased quotas by about 2.5 million barrels per day.
Oil prices are around $66 a barrel.
Some members are pumping near capacity.
OPEC+ will hold an online meeting on Sunday.
- Who
- OPEC+ members
- What
- Are considering an oil output increase for October
- When
- Meeting on Sunday at 1230 GMT
- Where
- Online meeting
- Why
- To potentially address concerns of slowing global demand.
Producers
Consumers
Output Levels
Producers
Want to increase output to meet market demands and boost market share.
Consumers
Concerned about potential output hikes leading to increased oil prices
- Brent Crude Price (Friday)
- $65.50 per barrel
- OPEC+ Output Increase (September)
- 547,000 bpd
- Potential Output Increase (October)
- 135,000-350,000 bpd
- OPEC+ Composition
- OPEC plus Russia and allies
- Previous Output Increases
- 2.5 million bpd
- Current Oil Cuts
- 1.65 million bpd and 2 million bpd cuts in place