OPEC+ to Accelerate Output Amid Internal Tensions and Saudi Market Grab
OPEC+ is reportedly planning to ramp up oil production significantly, with potential output increases of up to 2.2 million barrels per day (bpd) by November, according to five sources within the alliance.
The move, led by Saudi Arabia, marks a sharp shift in strategy aimed at disciplining member nations Iraq and Kazakhstan for exceeding agreed-upon production quotas.
The decision follows a surprise announcement in April, when the group agreed to a larger-than-expected supply boost for May—despite weak oil prices and sluggish global demand. Insiders say Riyadh is no longer interested in propping up the market, signaling a possible pivot toward reclaiming market share rather than stabilizing prices.
The production ramp-up comes just ahead of U.S. President Donald Trump’s upcoming visit to Saudi Arabia, where energy issues—including oil supply, arms deals, and a potential nuclear agreement—are expected to be on the agenda. Trump has repeatedly called on OPEC+ to increase oil output to alleviate inflationary pressures at home.
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This policy shift also represents a departure from OPEC+’s recent five-year approach of using deep production cuts—currently totaling nearly 5 million bpd, or about 5% of global demand—to balance the oil market. With Saudi Arabia now signaling a more aggressive market stance, the global energy landscape may be poised for another shake-up.
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