OPEC+ Approves Oil Output Increase Amid Price Slump Concerns

HEAVILY 0% 100% Saturday, May 31, 2025, 8:21 am

Oil‐producing nations in the OPEC+ bloc have agreed on an output increase, with a new supply surge and a planned July hike of 411,000 barrels per day. This coordinated maneuver is designed to deepen the ongoing price slump amid market volatility.

cnbc.com / OPEC+ discusses July oil output hike, focusing on 411,000 barrels per day, sources say

OPEC+ oil-producing countries are set to agree to an increase of 411,000 barrels per day, in line with rises set for May and June, sources tell Reuters.

bloomberg.com / OPEC+ Agrees on Third Oil Supply Surge to Deepen Price Slump - Bloomberg.com

OPEC+ Agrees on Third Oil Supply Surge to Deepen Price Slump Bloomberg.com

permalink / 2 stories from sources in 43 hours ago #trade #international-assistance #market #oil

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