Saturday, September 27, 2025
OPEC+ oil production hike may not be as steep as feared- oil and gas 360

OPEC+ oil production hike may not be as steep as feared

(Oil Price) – The OPEC+ group is not hiking oil production as much as the headline figures in the agreement suggest, as some members are close to capacity while others are compensating for previous overproduction. This could come as a relief to the market, which expects a major oversupply later this year and early next year. The OPEC+ members have so