OPEC+ Announces Bold Accelerated Oil Output Hike for June

Saturday, May 3, 2025, 8:20 am

In an unexpectedly bold move amid falling prices, Saudi-led OPEC+ has agreed on an accelerated oil output hike for June. The decision intends to stabilize a volatile market even as critics question its long-term effects, leaving economists both amused and perplexed by the cartel’s gamble.

bloomberg.com/technology / Saudis Double Down on Seismic OPEC+ Shift to Sink Oil Prices - Bloomberg.com

Saudis Double Down on Seismic OPEC+ Shift to Sink Oil Prices Bloomberg.com

www.ft.com/ / Saudi-led Opec+ expands production despite falling oil prices - Financial Times

Saudi-led Opec+ expands production despite falling oil prices Financial Times

reuters.com/business / OPEC+ agrees another accelerated oil output hike for June, sources say - Reuters

OPEC+ agrees another accelerated oil output hike for June, sources say Reuters

permalink / 3 stories from sources in 42 hours ago #energy #oil #commodities #economy

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