A tanker carrying crude oil at Qingdao Port in Shandong Province, China, on August 3, 2025. (Photo: Costfoto)NurPhoto via Getty ImagesA fresh oil production hike by OPEC+ has sent yet another clear signal to the international crude market that its focus remains firmly on a higher market share.At their meeting on Sunday, eight members of OPEC+, a select group of Russia-led oil producers and the Organization of the Petroleum Exporting Countries (OPEC) spearheaded by Saudi Arabia, opted to raise their collecti ...