Oil Traders See OPEC+ Completing Supply Revival With New Surge

Bloomberg.com · last updated July 28, 2025 – 6:31 AM

Oil traders expect OPEC+ will agree another bumper production increase this weekend, completing the revival of its current tranche of halted supplies.

All of the 17 traders and analysts polled by Bloomberg predict that Saudi Arabia and its partners will approve a further hike of 548,000 barrels per day for September at a video conference on Aug. 3. OPEC+ delegates have said a provisional plan for this is already in place.

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