Select Language

OPEC+ reportedly considering further production increase - Commerzbank

Breaking news

OPEC+ reportedly considering further production increase - Commerzbank

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
update 2025.09.05 20:02
OPEC+ reportedly considering further production increase - Commerzbank

update 2025.09.05 20:02

Oil prices came under pressure on Wednesday after Reuters reported that OPEC+ could consider a further increase in production at Sunday's virtual meeting of countries with voluntary production cuts, Commerzbank's commodity analyst Carsten Fritsch notes.

OPEC+ can then be forced to cut supply again next year

"Reuters cited sources familiar with the matter. A further increase in production would come as a surprise. According to a Bloomberg survey, a vast majority of market participants surveyed expected that production would not be increased further for now."

"The remaining production cuts, including the voluntary restrictions of 1.65 million barrels per day that are now being considered for withdrawal, are actually fixed until the end of 2026 according to a joint decision."

"If production is indeed increased further, the already considerable oversupply threatens to become even larger in the autumn and next year. OPEC+ could then be forced to cut supply again next year to prevent oil prices from slipping well below $60."


Date

Created

 : 2025.09.05

Update

Last updated

 : 2025.09.05

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Canadian Dollar slows losses, but weakness continues

The Canadian Dollar (CAD) slowed its pace of losses against the US Dollar (USD) on Friday, but still remains firmly on the low side, testing 18-week intraday lows before battling back against the tide of Greenback pressure to cap off a week of sustained losses.
New
update2025.09.27 04:14

AUD/USD lifts from three-week lows amid US Dollar softness, RBA in focus

The Australian Dollar (AUD) gains ground on Friday as the US Dollar (USD) loses momentum after Personal Consumption Expenditures (PCE) inflation figures came broadly in line with forecasts, while weaker consumer sentiment and renewed tariff worries dampened demand for the Greenback.
New
update2025.09.27 03:32

Gold climbs as Fed's inflation gauge reinforces dovish bets

Gold price advances during the North American session, up 0.60% on Friday after the last inflation report maintained the status quo, reinforcing dovish bets for further easing by the Federal Reserve (Fed). At the time of writing, the XAU/USD trades at $3,774 after bouncing off daily lows of $3,734.
New
update2025.09.27 03:20

Fed's Bowman warns Fed may already be behind the curve

Federal Reserve (Fed) Board of Governors member Michelle Bowman pivoted deeper into the pro-rate-cut camp on Friday, noting that recent payroll revisions shows the Fed is even further behind the curve on interest rate cuts than previously estimated.
New
update2025.09.27 02:56

Dow Jones Industrial Average pares losses after PCE inflation meets expectations

The Dow Jones Industrial Average (DJIA) rebounded on Friday, paring away the midweek's losses and recovering footing as investors self-soothe over odds of a follow-up interest rate cut in October.
New
update2025.09.27 02:27

USD/JPY slips as US PCE data and tariff concerns curb Greenback's momentum

The Japanese Yen (JPY) firms against the US Dollar (USD) on Friday, with USD/JPY taking a breather after a sharp two-day rally that had propelled it to its strongest level since August 1 on Thursday.
New
update2025.09.27 00:58

BoE's Dhingra: Shocks driving UK's high inflation will fade

In an op-ed published in The Times, Bank of England (BoE) policymaker Swati Dhingra argued that shocks driving the UK's high inflation will fade and that they should not be overly cautious about cutting interest rates.
New
update2025.09.27 00:16

EUR/GBP slips as NATO tensions and Trump tariffs weigh on Euro

The Euro reversed its course against the British Pound amid a scarce economic docket in Europe and in the UK, though geopolitics could be the reasons that pushed the shared currency lower. The EUR/GBP trades at 0.8729, down 0.14%.
New
update2025.09.27 00:04

USD/CNH to test 7.1500 before a pullback can be expected - UOB Group

There is scope for US Dollar (USD) to test 7.1500 before a pullback can be expected; 7.1600 is unlikely to come into view.
New
update2025.09.26 23:50

Fragile sentiment in the Copper market - Commerzbank

The price jump in Copper, temporarily rising by almost 5% in reaction to the news that the operator of the important Grasberg mine in Indonesia has declared force majeure on contracted supplies, demonstrates how fragile market sentiment is regarding the supply situation.
New
update2025.09.26 23:44

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel