利空突袭，油价大跌

Core Viewpoint - Major oil-producing countries, including OPEC and non-OPEC members, are planning to approve a significant production increase in September, following a series of voluntary production cuts that began in November 2023 [2]. Group 1: Production Increase Plans - Eight major oil-producing countries, including Saudi Arabia, Russia, Iraq, and the UAE, are set to approve an increase of 548,000 barrels per day in September during a meeting on August 3 [2]. - These countries had previously announced a voluntary production cut of 2.2 million barrels per day in November 2023, which has been extended multiple times until March 2025 [2]. - Following the decision to gradually increase oil production starting April 1, 2024, these countries increased production by 411,000 barrels per day in July and 548,000 barrels per day in August [2]. Group 2: Market Reactions - The market has already anticipated the news of the production increase, leading to a significant drop in international oil prices on August 1, with ICE Brent crude falling over 3% and WTI crude down 2.89% [2]. Group 3: Geopolitical Context - The decision to increase production comes amid heightened pressure from the U.S. on Russia and Iran regarding their oil exports, with the U.S. urging countries like Brazil and India to reduce or stop imports of Russian oil [6][7]. - The U.S. Treasury Department has recently imposed sanctions on a shipping network linked to Iranian oil merchants, marking the largest scale of sanctions since the "maximum pressure" campaign began in 2018 [7].