Saudi Arabia's Oil Power Play Jolts Markets: Can Diamondback And Rivals Survive The Squeeze?

Why is Warren Buffett retiring as Berkshire CEO? How will Trump’s 100% movie tariff impact Hollywood? What caused Skechers stock to soar recently? How did OPEC+ supply hike affect oil prices? Why is Sunoco acquiring Parkland Corporation? What’s driving Tesla’s plunge in European sales? How will Buffett’s exit affect Berkshire Hathaway stock? Why is the Taiwan dollar surging suddenly? What’s the Fed’s stance ahead of this week’s meeting?

Saudi Arabia's Oil Power Play Jolts Markets: Can Diamondback And Rivals Survive The Squeeze?

benzinga.com/news/earnings/25/05/45194998/saudi-arabias-oil-power-play-jolts-markets-can-diamondback-and-rivals-survive-the-squeeze

WTI crude oil futures slipped nearly 2% on Monday after OPEC+ announced it will increase production output by 411,000 barrels per day in June. This follows similar increases in April and May, bringing the total additional supply for those three months to 960,000 bpd and reversing about…

This story appeared on benzinga.com, 2025-05-05 14:00:54.