OPEC Stuns Market With Larger Than Expected Output Hike

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OPEC Stuns Market With Larger Than Expected Output Hike

oilprice.com/Latest-Energy-News/World-News/OPEC-Stuns-Market-With-Larger-Than-Expected-Output-Hike.html

Crude oil markets took a fresh hit this weekend after OPEC+ stunned traders by announcing a larger-than-expected output increase for June. In a virtual meeting on Saturday, key producers led by Saudi Arabia and Russia agreed to raise collective output by 411,000 barrels per day (bpd),…

This story appeared on oilprice.com, 2025-05-05 07:52:01.689000.