Consequently,
Oil weakens after production increase:
Around 11:30 am, Brent lost 1.15% to 68.87 dollars. Similarly, Its American equivalent, the barrel of West Texas Intermediate, fell from 1.22% to $ 66.51. Moreover,
Oil prices fell on Monday after the high production increase announced on Sunday by the organization of oil exporting countries. Moreover, its allies (OPEC+), the market anticipating an abundant offer in the fourth quarter.
Ryad. Moscow and six other cartel members announced an increase in their “production of 547,000 barrels per day in September 2025 compared to the level of production” in August, OPEC said in a press release.
This decision. expected by the market, signs the complete return of one of the three production cup slices – that of 2.2 million barrels per day – that OPEC+ had implemented in 2022 and 2023 to combat price erosion.
Around 9:30 am GMT (11:30 am HEC). oil weakens after production increase the price of the barrel of Brent de la Mer du Nord, for delivery in October, lost 1.15% to 68.87 dollars.
Its American equivalent, the barrel of West Texas Intermediate, for delivery in September, fell from 1.22% to $ 66.51.
“The question is now whether the group will start to implement the next series”, or 1.66 million barrels per day, “says Arne Lohmann Rasmussen by Global Risk Management.
For the moment. the prices of black gold have resisted better than what observers had anticipated at the start of the reopening of the valves in April, supported by a traditionally strong summer demand and a high geopolitical risk premium.
But from the fall “the balance between supply and demand indicates lower oil prices”, specifies the analyst.
If nothing changes on the market, “the group has completed its supply increases,” according to ING analysts. Much depends, however, “what will happen to Russian oil weakens after production increase oil flows”.
Donald Trump last week threatened Moscow with sanctions if the conflict in Ukraine did not end in “ten days”.
He notably mentioned “secondary customs duties” to countries which continue to buy products from Russia. and targeted India, the second Russian oil buyer after China, with nearly 1.6 million barrels per day.
“If no other buyer presented himself for this oil. this would erase the excess planned for the fourth quarter and the year 2026,” explain Ing analysts, and would leave the opportunity to OPEC+ to increase his production further.
Oil weakens after production increase
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