Story perspectives

OPEC+ Boosts Production, Oil Prices Plummet to $67.68

8/7/2025

27 6

Summary

Story summary

OPEC+ plans a 547,000 b/d production increase for September, causing oil prices to drop to $67.68 per barrel.
Nigeria's crude production surpassed 1.8 million b/d in July but is not part of OPEC+ talks.
U.S. crude inventories fell by 4.2 million barrels last week, reflecting changing supply dynamics.

1 of 1

Story summary

OPEC+ plans a 547,000 b/d production increase for September, causing oil prices to drop to $67.68 per barrel.
Nigeria's crude production surpassed 1.8 million b/d in July but is not part of OPEC+ talks.
U.S. crude inventories fell by 4.2 million barrels last week, reflecting changing supply dynamics.