OPEC+ plans to boost oil production by 548,000 barrels daily in September to gain market share.

OPEC+ plans to increase oil production by 548,000 barrels per day in September to regain market share, marking a shift from previous efforts to stabilize prices. This move follows a series of production hikes since April and comes amid high demand and geopolitical tensions. However, analysts warn of potential oil surplus from October, cautioning OPEC+ to be careful not to exacerbate this surplus.