BETH – Vienna | Saturday, July 5, 2025

The eight member countries of the OPEC+ group—Saudi Arabia, Russia, Iraq, the UAE, Kuwait, Kazakhstan, Algeria, and Oman—held a virtual meeting on July 5, 2025, to review the latest developments in the oil market and its future outlook.

📊 The Decision:

An increase of 548,000 barrels per day in August 2025, compared to July.

This increase represents four monthly increments, as part of the gradual and flexible restoration plan announced in December 2024.

The adjustments are subject to change or temporary suspension, depending on market dynamics, ensuring the group’s flexibility to support market stability.

🔍 Behind the Move:

The decision reflects the positive fundamentals and improved global economic outlook, with declining oil inventories.

It follows the agreement from the December 5, 2024 meeting, which outlined a phased return of 2.2 million barrels per day beginning April 1, 2025.

The group reaffirmed its commitment to compensate for excess production since January 2024.

⏳ Continuous Monitoring:

Monthly meetings will continue to assess compliance, monitor market conditions, and review compensation progress.

The next meeting is scheduled for August 3, 2025, to decide on production levels for September.

🎯 BETH Commentary:

While global powers seek to reshape economies amidst escalating tensions, the “OPEC+ Eight” are orchestrating a calm oil rhythm—neither flooding the market nor yielding to it.

548,000 barrels is not just a number. It’s a coded oil signal that flexible alliances may outlast rigid blocs… and that proactive strategy outweighs reactive escalation.