Trade The World
OPEC production fell in July due to Saudi Arabia – Commerzbank
Por FXStreet Insights Team
Data de Publicação: 8 Aug 2025 | Data de Modificação: 8 Aug 2025
POPULAR ARTICLES
According to a Bloomberg survey, OPEC production fell slightly in July to 28.31 million barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.
According to a Bloomberg survey, OPEC production fell slightly in July to 28.31 million barrels per day, Commerzbank's commodity analyst Carsten Fritsch notes.
Problem of overproduction remains despite the increased targets
"However, the figure for June was revised upward by 320,000 barrels per day due to higher production in Saudi Arabia. In July, Saudi Arabia's Oil production fell by 220,000 to 9.53 million barrels per day, bringing it back in line with the increased target. The eight OPEC countries bound by production targets still produced 535,000 barrels per day more than agreed in July."
"This was mainly due to the United Arab Emirates and Iraq. The deviation in the UAE actually increased, while that in Iraq decreased slightly. The problem of overproduction in some countries therefore remains despite the increased targets. The survey did not include data on Russia and Kazakhstan, as neither country is a member of OPEC, but only of OPEC+."
"Production figures for these two countries will be available next week in the monthly reports of OPEC and the IEA."
FXStreet
Mais de um milhão de usuários confiam na FXStreet para dados de mercado em tempo real, ferramentas de gráficos, insights de especialistas e notícias de Forex. Seu calendário econômico abrangente e webinars educacionais ajudam os traders a se manterem informados e tomarem decisões calculadas. A FXStreet conta com uma equipe de cerca de 60 profissionais, divididos entre a sede em Barcelona e diversas regiões globais.
Read More
