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Oil Market: OPEC+ Weighs Other Super-Sized Hike in Production

DeFi Daily News by DeFi Daily News
July 4, 2025
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Oil Market: OPEC+ Weighs Other Super-Sized Hike in Production
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The Organization of the Petroleum Exporting Countries and its partners are meeting this weekend via video-conference. OPEC+ is expected to deliver another substantial production hike. Members have begun discussing another 411,000 barrel-a-day production increase for August ahead of the meeting, according to delegates who asked not to be identified. Bloomberg’s Stephen Stapczynski reports.
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Tags: BrentCommoditiescommodity marketCrudeenergyenergy priceshikeMarketmiddle eastMideastOiloil marketoil pricesOil productionOPECproductionSuperSizedweighs
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