OPEC+ Ramps Up Output as Global Demand Weakens | Presented by CME Group
Bloomberg Television·2025-09-05 15:19
The oil market's ability to absorb further OPEC plus production increases appears limited in the near term with growing risk of over supply and weakening demand signals weighing on prices and fundamentals. OPEC Plus has already reversed its voluntary output cuts from 2023, adding roughly 2.5% million barrels per day to quotas since April of 2025, including a recent hike of 547,000 barrels for September. Additionally, the International Energy Agency forecast global oil supply rising by 2.5% million barrels p ...