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OPEC+ Falls Short of July Oil Output Target

Prince Agyapongby Prince Agyapong
August 12, 2025
Reading Time: 5 mins read
An OPEC prop

An OPEC prop

OPEC+ producers increased their total crude oil output by 335,000 barrels per day (bpd) in July, falling short of the 411,000 bpd target pledged by eight member countries for the month.

The figures, published in the latest OPEC Monthly Oil Market Report, raise fresh concerns over quota compliance and transparency within the alliance, particularly regarding discrepancies in Saudi Arabia’s reported production levels.

According to data from secondary sources cited in the report, the 12-member Organization of the Petroleum Exporting Countries (OPEC) alone added 263,000 bpd in July.

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A substantial portion of this increase came from just two producers—Saudi Arabia and the United Arab Emirates (UAE)—with the Kingdom contributing 170,000 bpd and the UAE boosting output by 109,000 bpd.

Saudi Arabia’s hike was widely anticipated, given its status as OPEC’s top producer and the member most responsible for managing the group’s voluntary cuts.

However, the report’s figures introduced a new layer of confusion with conflicting data on Saudi output and supply to the market.

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OPEC+
OPEC+

For the second consecutive month, OPEC’s report included a footnote flagging a discrepancy between Saudi Arabia’s production figures and the actual supply reaching the market. According to both secondary sources and Saudi Arabia’s direct communication, July output was 9.525 million bpd.

Yet, the report noted that “Saudi Arabia’s supply to the market was 9.525 million bpd in July,” while also stating that “Saudi Arabia’s production was 9.201 million bpd” for the same period.

The unusual dual reporting of “supply” and “production” suggests a deliberate accounting distinction, raising questions about where the additional barrels went.

The Kingdom has previously explained similar inconsistencies by stating that any excess production was redirected to storage, not the global market.

This explanation was first offered in June, during the brief flare-up of tensions in the Middle East amid the Israel-Iran conflict, when Saudi Arabia admitted to pumping slightly above its quota for a few days.

Despite these clarifications, the continued confusion is likely to fuel speculation about compliance within the OPEC+ alliance, especially as the group attempts to gradually unwind the 2.2 million bpd in voluntary cuts implemented since 2023.

OPEC+ Faces Challenges

An installation depicting barrel of oil of OPEC
An installation depicting barrel of oil of OPEC

The alliance, which includes OPEC members and non-OPEC allies such as Russia, agreed earlier this month to raise output by 547,000 bpd in September.

That move would effectively complete the phased rollback of the previously imposed cuts. However, a separate layer of reductions amounting to 1.66 million bpd remains in effect and is scheduled to continue until the end of 2026—unless the alliance revises its strategy.

This latest production report underscores both the complexity of managing such a large coalition and the political balancing act required to stabilize global oil markets.

While the group has often emphasized unity and shared responsibility, individual nations have struggled with compliance due to domestic pressures, geopolitical risks, and evolving baseline agreements.

Iraq, for instance, is currently working to compensate for its earlier overproduction by reducing its output, an effort closely monitored by other members.

HE Haitham Al Ghais OPEC Secretary General
HE Haitham Al Ghais, OPEC Secretary General

Meanwhile, the UAE’s production increase aligns with its newly approved higher baseline quotas for 2025 and 2026, allowing it to pump more oil without breaching OPEC+ terms.

While July’s output increase is a sign of movement toward normalizing production, the shortfall relative to pledges illustrates the persistent challenge of coordination.

It also reflects how geopolitical events, internal policy shifts, and technical interpretations of “supply” versus “production” can muddy the waters even when headline numbers suggest progress.

As the global oil market navigates a volatile demand landscape and mounting uncertainty from conflicts and energy transitions, the reliability of data from key producers remains essential for pricing stability and investor confidence.

With another production hike scheduled for September, the spotlight is expected to remain firmly on Saudi Arabia, the UAE, and Iraq, countries whose compliance will likely dictate the pace and impact of the broader OPEC+ strategy going forward.

READ ALSO: Ghana Set to Smash All 2025 Economic Targets – IC Research Hails Strong H1 Performance

Tags: Crude Oil PricesGlobal Oil SupplyIraq Oil CutsOil Market NewsOPEC Monthly ReportOPEC+OPEC+ September HikeSaudi Arabia oil outputUAE Crude Production
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