Article

2025-05-04 Economy

Eight OPEC+ countries to increase oil production in June

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Posted by badanov 2025-05-04 00:00|| || Front Page|| [86 views ] Top

#1 They would have to increase production to achieve the same revenue as American production returns to pre-Biden levels. The end result should be price drops seen at the pump this summer.

Posted by Super Hose 2025-05-04 08:37|| 2025-05-04 08:37|| Front Page Top

#2 oil futures on the Mercantile price in only a $1 decrease between now and mid summer

a lot could happen

if China's factories close for more than a month or two demand goes down and price goes down

if production shuts down on any of the non OPEC countries, price goes up

Posted by Lord Garth 2025-05-04 11:40|| 2025-05-04 11:40|| Front Page Top

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