Production

Oil price slides nearly 4% as Opec+ moves to further boost output

Opec+ on Saturday announced oil production hikes in June for a second consecutive month, with a planned output increase of 411,000 bpd

Haitham Al Ghais, the secretary general of the Organisation of the Petroleum Exporting Countries (Opec).
Haitham Al Ghais, the secretary general of the Organisation of the Petroleum Exporting Countries (Opec).Photo: REUTERS/SCANPIX
Middle East and South Asia EditorNew Delhi
Published 5 May 2025, 04:16Updated 5 May 2025, 06:01
OpecOpec+Middle EastUAESaudi Arabia