OPEC
The OPEC+ alliance is set to consider a larger-than-expected increase in oil supplies during its Sunday meeting, according to a delegate, following US and Israeli air strikes on targets inside Iran. This potential shift in production strategy comes amid military escalation threatening global energy flows. Israel’s Energy Ministry has ordered the temporary closure of several offshore natural gas fields due to security assessments.
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OPEC+ decided to boost oil production starting in September 2025. The announcement came on September 7, aiming to stabilize global energy markets.