OPEC+
OPEC+ Agrees to Accelerated Oil Production Hike Amid Global Demand Surge
OPEC+ nations, led by Saudi Arabia, have announced an unexpected increase in oil production by 548,000 barrels per day starting in August 2025. The move aims to capitalize on strong summer demand and reclaim market share.
Oil Prices Steady Amid US Stockpile Build and Saudi Price Cuts
Oil prices steadied after a US fuel stockpile build and Saudi Arabia’s price cuts for Asian buyers, signaling weak global demand.
Oil Prices Fall as OPEC+ Accelerates Production Hikes
Oil prices dropped over 2% as OPEC+ announced accelerated production hikes, raising concerns about oversupply amid uncertain demand.
OPEC+ Accelerates Oil Production Hike for June Amid Market Challenges
OPEC+ announces a 411,000 bpd oil production hike for June, continuing its accelerated output strategy amid falling prices and compliance concerns.