OPEC+ Isn't Expected to Hike Oil Output Until 3Q 2025, BNP Paribas Says

OPEC and its allies aren’t expected to start raising oil output until the third quarter of 2025 due to continued market weakness, BNP Paribas said, adding it expects the narrative around compensation cuts from Iran, Russia and Kazakhstan.

OPEC and its allies aren’t expected to start raising oil output until the third quarter of 2025 due to continued market weakness, BNP Paribas said, adding it expects the narrative around compensation cuts from Iran, Russia and Kazakhstan.