OPEC+ moves up meeting as oil prices continue to drop: What to know

OPEC+ moves up meeting as oil prices continue to drop: What to know

Saudi Arabia has signaled it is willing to live with lower oil prices as US President Donald Trump calls for more production.

OPEC+ moves up video conference to discuss June oil production – Bloomberg – Oil & Gas 360

(Investing) – The Organization of Petroleum Exporting Countries and allies (OPEC+) has rescheduled its video conference to discuss oil production levels for June. The meeting, initially planned for May 5, will now take place on Saturday, according to a report from Bloomberg, citing delegates who requested anonymity due to the private nature of the information. The upcoming meeting has the potential to influence oil prices in the forthcoming weeks

Supply up/demand down - May 04, 2025

Alaska North Slope crude plunged $1.74 April 30 to close at $64.92 per barrel, West Texas Intermediate plummeted $2.21 to close at $58.21 and Brent dove $1.13 to close at $63.12 as price weakness accelerated on the specter of swelling supply and diminished demand. ANS crossed below $65 on the day an...

Oil Drops on US Economic Contraction, Possible OPEC+ Supply Rise - Energy News, Top Headlines, Commentaries, Features & Events

Summary Saudi willing to sustain lower prices for longer: sources US economy contracts in first quarter US crude stockpiles fell by 2.7 million barrels last week (Reuters) – Oil prices fell on Thursday, extending a steep decline the previous session due to signs that Saudi Arabia, the world’s largest crude exporter, could raise production and ...

Oil prices were falling this Thursday, expanding the slump of the eve due to indications that Saudi Arabia, the world's largest exporter of oil, could increase production and data that showed a contraction in the U.S. economy, the world's largest consumer.Brent's futures were down $1.1, or 1.8 per cent, to $59.96 per barrel, and those in West Texas Intermediate lost $1.14, or 2 per cent, to $57.07.You may be interested in US$3.