Bankinter | OPEC+ has agreed to increase production in August by 548,000 bpd. As a reference, in April, production increased by 138,000 bpd and 411,000 bpd in May, June and July. OPEC+ (including other countries such as Russia and Mexico) produces 41 Mbd (just over 40% of global supply). This increase will come from eight members, including Saudi Arabia, Russia and the United Arab Emirates. Analysis team’s view: The news…

Link Securities | According to a report yesterday by Dow Jones, the Organisation of Petroleum Exporting Countries (OPEC) has reduced its estimate for oil supply growth next year for both the US and other competitors, while maintaining its oil demand expectations unchanged as it continues to increase production. OPEC now expects supply from non-OPEC+ producers to increase by 730,000 barrels per day in 2026, compared to 800,000 barrels per day…

Bankinter | OPEC cut its estimate for global oil demand. It justified its decision on the impact on the economy of tariffs and the information received in Q1. They estimate that demand will increase by 1.3 mbd in 2025 and 1.28 mbd in 2026, in both cases a reduction of 0.150 mbd compared to the previous estimate. This increase represents about 1.2% of global supply each year. In parallel, it…

Bankinter: OPEC is to delay the planned production increase of 180,000 barrels per day by three months. This is positive, if not unexpected, news for oil. The current OPEC cuts amount to 5.86 million barrels of oil per day (bpd), which corresponds to around 5.7% of world oil demand. Within the aforementioned cuts, 3.66M bpd will be extended until the end of 2025 and the remaining 2.2M bpd will start…