OPEC+ set to make another accelerated oil output hike for June, sources say
- Posted on May 3, 2025
- By Business News Today
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OPEC+ set to make another accelerated oil output hike for June, sources say
OPEC+ countries are likely to agree on a further accelerated oil output hike for June, following a similar increase in May. This decision comes amid concerns of an economic slowdown and a trade war between the U.S. and China, which have lowered demand growth expectations and pressured oil prices.
