OPEC+ extends oil output surge despite Russian pushback
OPEC+ is changing course. For the third month in a row, the oil alliance is raising production—this time by 411,000 barrels a day in July—breaking from its usual playbook of limiting supply to prop up prices. The shift has pushed oil to its lowest levels in four years, rattling markets and surprising even some within the group. Whether it’s about geopolitics, market share, or internal discipline, one thing is clear: the world’s energy strategy is being rewritten in real time. Olena Goncharova with The Kyiv Independent has the full story.
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