OPEC+ announced on Aug 3, 2025 that it will increase oil production by 547,000 barrels per day (bpd) in September. This marked the latest in a series of accelerated output hikes aimed at regaining market share amid rising concerns over likely supply disruptions related to Russia.In a post-meeting statement, OPEC+ held resilience of the global economy and relatively low oil inventories responsible for the decision to boost output. No wonder, United States Oil Fund LP (USO) lost 6.4% past week and United Stat ...