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#OPECNews #OilPriceDrop #CrudeOilCrash #OPECPlusUpdate #OilGlut2025 #EnergyMarkets #OilSupplySurge #WTI #BrentCrude #CommoditiesWatch #GlobalOilTrends #MarketVolatility #EnergyCrisis #OilPolitics #PetroDollarMoves #OilAndGasUpdate #GeopoliticalRisk #OilMarketAnalysis #TradeAndEnergy #July7News

Transcript

00:00Why did OPEC Plus hike oil output by 548,000 barrels a day, 32% more than the market expected?

00:08What's driving this bold move, and what could it mean for global prices?

00:12Let's break it down.

00:13Over the weekend, OPEC Plus, led by Saudi Arabia and Russia,

00:17announced its increasing oil production by 548,000 barrels per day in August.

00:23That's a major surprise. Markets were only expecting a 411,000 barrel boost.

00:28The news immediately sent oil prices sliding.

00:31Brent crude dropped to around $67 a barrel, with U.S. WTI falling even further.

00:37This move unwinds nearly 80% of the voluntary cuts made in 2024, flooding the market much faster than planned.

00:44But here's the twist. Global demand isn't keeping up.

00:48China's oil imports are nearly flat, and looming U.S.-China tariffs are clouding growth forecasts.

00:53Analysts warn, unless demand rebounds, this could mean even lower prices ahead.

00:59With another OPEC Plus hike on the table for September,

01:02all eyes are on whether these extra barrels find buyers, or just pile up in storage.

01:07Stay tuned.

01:08Stay tuned.

01:09Stay tuned.

01:10Stay tuned.

01:11Stay tuned.

01:12Stay tuned.

01:13Stay tuned.

01:14Stay tuned.

01:15Stay tuned.

01:16Stay tuned.

01:17Stay tuned.

01:18Stay tuned.

01:19Stay tuned.

01:20Stay tuned.

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Transcript

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