Tag: "OPEC+"
OPEC+ set to agree July oil output hike this week, sources say
World 10:26 28/05/2025OPEC+ is likely to agree to a further accelerated oil output hike for July this week, three delegates from the group told Reuters, in the latest stage of a plan to meet rising demand and increase market share.
Oil steadies after falling to four-year lows in previous session
World 10:18 06/05/2025Oil steadied on Tuesday after hitting four-year lows in the previous session that was driven by an OPEC+ decision to accelerate output increases, stoking fears of oversupply at a time when U.S. tariffs have spurred concerns about demand.
Oil drops more than $2/bbl as OPEC+ accelerates output hikes
World 10:46 05/05/2025SINGAPORE -- Oil prices fell more than $2 a barrel in early Asian trade on Monday as OPEC+ is set to further speed up oil output hikes, spurring concerns about more supply.
