While oil prices are plummeting and demand remains sluggish, OPEC+ surprises by announcing a massive increase in its production starting in June. Eight cartel members break with recent caution and rekindle uncertainty in an already strained market. Behind this reversal lies a possible geopolitical and economic turning point, between a strategy of reconquest and calculated risk-taking. This decision could well redraw the global energy balances.
The announcement was published this Saturday, May 3, 2025. Eight member countries of OPEC+ will produce an additional 411,000 barrels per day from June, the same level as in May, which overturns the initial plan that only foresaw 137,000.
