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OPEC+ agrees another supply surge in June to deepen oil rout

  Copy link into your clipboard //travel-leisure.news-articles.net/content/2025/ .. her-supply-surge-in-june-to-deepen-oil-rout.html
  Print publication without navigation Published in Travel and Leisure on by Fortune
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
Key nations led by Saudi Arabia and Russia agreed to add 411,000 barrels a day next month, OPEC said after a video conference on Saturday.
The article from Fortune discusses the current dynamics in the global oil market, focusing on OPEC's supply outlook and the recent crude oil price rout. Despite Saudi Arabia and Russia's efforts to stabilize the market by extending production cuts, oil prices have continued to decline, reaching their lowest levels since June. The article highlights the challenges OPEC faces, including increased production from non-OPEC countries and concerns about global demand growth. Analysts suggest that while OPEC's strategy aims to support prices, the effectiveness of these measures remains uncertain amidst ongoing market volatility and geopolitical tensions.

Read the Full Fortune Article at:
[ https://fortune.com/article/opec-supply-outlook-june-crude-oil-price-rout-saudi-arabia-russia/ ]


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