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Analysis

OPEC+ Oil Revenues Decline as Brent Faces Supply Surge
Sagar Dua By Sagar Dua
25
5 d

OPEC+ Oil Revenues Decline as Brent Faces Supply Surge

Brent crude oil prices are hovering near $68.10 in Asian trading as the market gears up for the crucial OPEC+ meeting scheduled for July 6. Key member Saudi Arabia is actively lobbying for the coalition to extend its output increases—potentially adding another 411,000 barrels per day in August and September—to reclaim lost market share. Bloomberg notes that Saudi Aramco has already cut July prices for its flagship Arab Light crude by $0.20 for Asian buyers, signaling a push for regional competitiveness. Eight OPEC+ nations, including Russia, Saudi Arabia, Algeria, Iraq, Kuwait, UAE, Kazakhstan, and Oman, are gradually phasing out voluntary production limits, raising total output by 386,000 barrels per day.

2 July
Is Brent Crude Ready for a Surge? Key Resistance and Market Drivers
Details
Sagar Dua
Sagar Dua By Sagar Dua
July 02, 2025
22

Brent Oil Price Breakout: Bulls Target $70 as Supply Shifts

Current Dynamics: Brent Edges Higher on Optimism, Awaits Key Data

Forex

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