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BTCC / BTCC Square / Global Cryptocurrency /
OPEC+ Accelerates Oil Production Hike Amid Price Declines

OPEC+ Accelerates Oil Production Hike Amid Price Declines

Author:
Global Cryptocurrency
Published:
2025-05-04 10:06:02
19
2

OPEC+ will boost crude output by 411,000 barrels per day in June, marking the second consecutive monthly increase despite weakening prices and demand concerns. The move contributes to a 960,000 bpd supply expansion across April-June, significantly unwinding previous cuts.

Saudi Arabia reportedly advocates reversing earlier reductions to penalize non-compliant members like Iraq and Kazakhstan. The cartel maintains market fundamentals remain robust, even as Brent crude trades near $81 amid global economic uncertainty.

|Square

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