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OPEC+ Increases Output, Leaves Questions on Next Move
Bloomberg Televisionยท2025-08-04 12:24

Walk us through the details of this Opec+ decision. Yeah, good morning, Kristie. Basically, Opec+ had a select group of the countries there.Eight of them had taken off voluntarily, about 2.2% million barrels a day of production. And what they're doing is they're unwinding those cuts now. They're bringing that oil back into the market. That won't bring all the opec+ oil back to the market because there are still cuts in place.That will be the next phase of what they need to decide on. But what they're doing ...