At the beginning of May 2025, a clear change of direction by OPEC+ caused a stir: Eight member states, including Saudi Arabia, announced a significant increase in production of over 400,000 barrels per day in June. The result? A sharp fall in oil prices - $IOIL00 (+2,08%) Crude oil fell below $59, WTI even to $55.30. The price of gas oil also came under pressure.
Saudi Arabia in particular seems to be losing patience with countries such as Kazakhstan and Iraq, which are not adhering to agreed production cuts.
It remains to be seen whether the threat of significantly increased production in the coming months will persuade countries to comply with the agreements. Internal tensions within OPEC+ could lead to further market distortions - i.e. more and cheaper oil.
How the power games within OPEC+ affect supply, prices and investment opportunities can be hier genauer can be read here.
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