In a surprising move, OPEC+ has decided to increase oil production by 137,000 bpd starting October, despite expectations of declining global demand. This strategic shift raises questions about market stability and pricing as winter approaches.
OPEC+'s latest oil supply shock is expected to create a surplus later this year, potentially lowering fuel prices as global demand shifts. This move follows pressure from President Trump for lower costs and highlights Saudi Arabia's confidence in the market.
