The Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, are known collectively as OPEC+ and will meet on June 2 to discuss their joint oil production policy. Analysts are divided over whether the oil-producing group will extend voluntary oil output cuts of 2.2 million barrels per day. […]
Brent crude July
Oil prices saw a slight increase in subdued trading due to public holidays in Britain and the United States. This followed a week marked by concerns over U.S. interest rates amidst persistent inflation. The Brent crude July contract rose by 76 cents to $82.88 per barrel by 1411 GMT, while […]