OPEC+ is likely to implement another super-sized output hike in July, marking the third consecutive month of aggressive production increases, according to analysts at DNB Markets. This anticipated move follows persistent overproduction by Kazakhstan, which continues to exceed its quota within the alliance. DNB analysts Helge Andre Martinsen and Tobias …
May 22, 2025 — Oil prices dropped by 1% on Thursday as reports emerged that OPEC+ is considering a production increase for July, raising concerns that global oil supply may soon outpace demand. According to Bloomberg News, OPEC and its allies (OPEC+) are in discussions to raise production by as …
Hope for Petrol and Diesel Price Cut Grows as Global Crude Oil Falls Below $60 Amid a continuous global slump in crude oil prices, there is growing anticipation of a reduction in petrol and diesel prices in India. Brent crude prices have now dropped to $58.79 per barrel, falling by …
