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

Travel and Leisure Travel and Leisure

Mon, May 5, 2025

[ Today @ 12:04 PM ] - Variety

Greenwich Entertainment Buys Sam Riley, Stacy Martin Thriller 'Islands' (EXCLUSIVE)

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Lou Diamond Phillips Joins ESX Entertainment's 'Casa Grande: The Movie'

[ Today @ 11:26 AM ] - Fortune

Trump says he has "warm spot in my heart" for TikTok, doesn't plan to enforce ban

[ Today @ 11:20 AM ] - ThePrint

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Rainy start to week in New Hampshire

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A Nice Indian Boy Gets New Digital Release Date - Where To Watch

[ Today @ 11:08 AM ] - Reuters

Tyson Foods reformulates food products to eliminate synthetic dyes, CEO says

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18pack Travel Bottles for Toiletries, Now 23% Off

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The 14 Best Solo Travel Destinations, According to Globetrotting PureWow Editors

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What to know TODAY: Live updates from the Met Gala, Cinco de Mayo deals

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Israel plans new control of food and supplies in Gaza

[ Today @ 10:46 AM ] - Fortune

Sunoco buying Parkland for $9 billion to create l .. eling and convenience store giant in the Americas

[ Today @ 10:46 AM ] - Forbes

Hotels Respond To The Demand For Wellness Travel

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[ Today @ 10:42 AM ] - Fortune

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Sun, May 4, 2025

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

^{Published on 2025-05-03 07:46:31 - Fortune}

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/ ]

N@N

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