Sufficient oil supply

Following the attack by Israel and the USA on Iranian nuclear facilities, the WTI oil price briefly rose from USD 62 to USD 78 per barrel in June. Since then, prices have fallen again and are currently hovering around USD 67 per barrel again.

The reason for this is that the oil-producing countries (such as OPEC+ but also the USA) can replace a shortfall in Iranian oil exports without major problems. On July 5, OPEC+ decided to increase oil production by a further 548,000 barrels per day from August (having already increased oil production by 411,000 barrels per day in May, June and July). However, WTI oil production in the USA has also reached a record level of 13.47 million barrels per day.

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Dr. Patrick Huser, CEO

_{Sources: OPEC, FuW, MarketMap,International Energy Agency (IEA)}

‍^{Status: 07.07.2025}

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