OPEC oil output rises in May, led by Nigeria, Iraq, survey shows | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
OIL prices fell more than US$1 a barrel on Tuesday (Jun 4) on scepticism about an Opec+ decision to boost supply later this year into a global market where demand has already shown signs of weakness.
OPEC+ Extends Deep Oil Production Cuts into 2025 aogdigital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aogdigital.com Daily Mail and Mail on Sunday newspapers.
(Reuters) -Oil prices eased as much as 1% in Asian trade on Tuesday, extending losses from a four-month low in the previous session, as investors worried about supply ticking up later in the year amid signs of weakening U.S. demand. Brent crude futures fell 73 cents, or 0.93%, to $77.63 a barrel at 0638 GMT. The Organization of the Petroleum Exporting Countries and allies led by Russia, together known as OPEC+, on Sunday agreed to extend most of their oil output cuts into 2025 but left room for voluntary cuts from eight members to be gradually unwound from October onward.