INTERNATIONAL
2 min readOPEC+ Plans Oil Output Increase Amid Trump Pressure on Prices
TrueGov Editorial Team•5 months ago•2 min read
Group set to boost production while slowing pace due to weakening demand
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OPEC+ is preparing to increase oil output starting in October, according to sources familiar with the organization's plans. The group, which includes the Organization of Petroleum Exporting Countries plus Russia and other allies, has been gradually reversing its strategy of output cuts since April. This shift comes amid pressure from U.S. President Donald Trump to lower oil prices, with OPEC+ already having raised quotas by approximately 2.5 million barrels per day.